armonk The next heavyweight in the tech industry the computer company IBM is cutting several thousand jobs. That’s about 3,900 jobs, about 1.5 percent of the global workforce, he said. IBM– Chief Financial Officer James Kavanaugh of Bloomberg Financial Service. At the same time, new employees will be recruited in growth areas, he announced.

IBM reported on Wednesday sales for the last quarter at the level of the previous year of 16.7 billion dollars (15.3 billion euros). Revenues were therefore slightly higher than analysts’ expectations. Meanwhile, profit grew 17 percent to $2.9 billion. The stock temporarily fell about 2 percent in after-hours trading after the figures were released.

IBM boss Arvind Krishna is working to align the IT and consulting group more closely with the cloud business. Over the past year as a whole, revenue from cloud offerings increased 11 percent to $22.4 billion.

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