The job cuts will stem from Kyndryl Holdings, the IT services business that IBM spun off last year, and its healthcare divestiture, from which the company will incur about a USD 300 million charge, a spokesman told WSJ.
New Delhi [India], May 11 (ANI): The Competition Commission of India (CCI) has given deemed approval under green channel to Kyndryl Holdings LLC and Grand Ocean Managed Infrastructure Services in relation to internal restructuring of IBM Corporation.