10,000 Job Cuts Expected In Europe; UK, Germany Most Affected

KEY POINTS

  • The job cut will affect 20% of the company’s staff members
  • IBM would sell off most of its IT services
  • The company fired thousands of employees in May 

International Business Machines Corp. plans to cut nearly 10,000 jobs in Europe ahead of a broad shift to a hybrid cloud approach. 

The job cuts at IBM will significantly affect the United Kingdom and Germany. Cuts are also planned in Poland, Slovakia, Italy and Belgium. IBM’s wide-ranging losses will affect 20% of staff members managing the daily support function for client data centers and IT support, sources told Bloomberg. 

IBM announced the decision in November during a meeting with European labor representatives, according to a union officer with knowledge of the conversations. 

“Our staffing decisions are made to provide the best support to our customers in adopting an open hybrid cloud platform and AI capabilities,” an IBM spokesman said. “We

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IBM to cut 10,000 jobs in Europe, most in UK, Germany: Bloomberg

  • Tech giant IBM plans to cut around 1 in 5 jobs across Europe, sources close to the matter told Bloomberg on Wednesday.
  • About 10,000 jobs face the axe, they said.
  • The UK and Germany will see the most job cuts, the sources said, and roles in its legacy managed-infrastructure IT services business are most at risk.
  • An IBM spokesperson told the publication that its staffing decisions “are made to provide the best support to our customers in adopting an open hybrid cloud platform and AI capabilities.”
  • Visit Business Insider’s homepage for more stories.

Tech giant IBM is planning to cut about 10,000 jobs in Europe, Bloomberg reported Wednesday.

The cuts will affect around 1 in 5 staff in the region, sources close to the matter told the publication.

The UK and Germany will see the most job cuts, but staff in Poland, Slovakia, Italy, and Belgium will also lose their

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NBCUniversal’s On-Demand Reality Service Hayu Bows in Germany, Austria

NBCUniversal International’s all-reality, on-demand subscription video-on-demand service Hayu has launched in Germany and Austria.

The service is available on Amazon Prime Video Channels via the Prime Video app on mobiles, tablets, living room and web platforms. It is currently priced at €4.86 ($5.76) monthly, with a 14-day free trial, with a slight increase to €4.99 ($5.92) from January.

Content available on Hayu includes “Keeping Up With the Kardashians” and its spin-offs, along with “The Real Housewives,” “Million Dollar Listing” and “Below Deck” franchises.

The channel’s range of unscripted sub-genres includes Home and Design, Dating, Cooking, Crime, and Fashion. The majority of U.S. shows are available on Hayu the same day as their U.S. broadcast. Shows and episodes are also downloadable to watch on the go.

Hendrik McDermott, managing director, Hayu, said: “Already the premiere destination for must-watch reality TV in 14 markets, Hayu is expanding its footprint and building on

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