Summary:
- IBM is planning to cut around 3,900 jobs, or 1.5% of its global workforce, as part of a restructuring effort.
- The job cuts are expected to impact the company's software and consulting divisions, with the aim of streamlining operations and improving profitability.
- The move comes as IBM shifts its focus towards cloud computing, artificial intelligence, and other emerging technologies, while scaling back its traditional hardware and services businesses.