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IBM Shuts Down China R&D Department, Impacting 1,000+ Jobs Across Beijing, Shanghai, Dalian
Aug 26, 2024, 08:36 AM
IBM is shutting down its research and development (R&D) department in China, affecting over 1,000 employees across Beijing, Shanghai, Dalian, and other locations. The decision is part of a strategic realignment towards higher-margin businesses such as cloud computing and artificial intelligence, as well as cost optimization. The company plans to shift some R&D functions to overseas locations, including Bengaluru. Despite the closure, IBM assures that its ability to support clients in China will not be impacted. This move is seen as part of a broader trend of U.S. technology companies retreating from the Chinese market. Employees affected by the closure are reportedly offered a severance package of "N+3."
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Yes • 50%
No • 50%
Reassigned within IBM • 25%
Laid off with severance • 25%
Transferred to partner companies • 25%
Other • 25%
More than 10,000 • 25%
7,500-10,000 • 25%
5,000-7,500 • 25%
Less than 5,000 • 25%
Increase investment in other areas • 25%
Further downsizing • 25%
Partnerships with local firms • 25%
Other • 25%
Increase • 25%
Decrease • 25%
No significant change • 25%
Other • 25%
