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What will be IBM's next strategic move in China after the R&D shutdown by the end of 2024?
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Resolution / Starting Odds
Increase investment in other areas • 25%
Further downsizing • 25%
Partnerships with local firms • 25%
Other • 25%
Official announcements from IBM or credible news sources
Story
IBM to Shut Down China R&D Department, Affecting 1,000 Employees
Aug 26, 2024, 02:18 AM
International Business Machines Corp (IBM) has reportedly cut off intranet access for over 1,000 employees in its research and development (R&D) and software testing positions in China without prior notice. The move affects several development centers and is part of a broader plan to shut down its entire R&D department in the country. IBM China has stated that these changes will not impact their ability to support local clients. The company is expected to announce possible position changes around mid-week.
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Cost optimization • 25%
Strategic realignment • 25%
Geopolitical tensions • 25%
Other • 25%
Bengaluru • 25%
United States • 25%
Europe • 25%
Other • 25%
More than 10,000 • 25%
7,500-10,000 • 25%
5,000-7,500 • 25%
Less than 5,000 • 25%
Less than 500 • 25%
500 to 750 • 25%
751 to 1000 • 25%
More than 1000 • 25%
Increase U.S. Investments • 25%
Seek New Markets • 25%
Diversify Product Line • 25%
No Major Change • 25%
New partnership with Chinese company • 25%
Investment in existing Chinese company • 25%
Exit Chinese market entirely • 25%
No significant change • 25%
Acquisition of a tech company • 25%
Expansion into new international markets • 25%
Partnership with another major retailer • 25%
Focusing on sustainability initiatives • 25%