https://pandaily.com/ibm-china-investment-company-and-subsidiaries-to-cease-operations-on-march-1/
https://www.techinasia.com/ibm-to-shut-another-chinese-subsidiary-impacting-1800-jobs
9 replies (most recent on top)
"IBM China Ventures officially closed on March 1 after 32 years of operations, as it had "completed its mission," and IBM moves to integrate its global product development division, Yicai learned from IBM China."
https://www.yicaiglobal.com/news/ibm-shuts-down-china-rd-division
"IBM China Investment Company Limited (IBMV) and its subsidiaries shut down on March 1, impacting over 1,800 R&D and testing staff in Beijing, Shanghai, Dalian, and other sites." https://www.digitimes.com/news/a20250303PD216/ibm-china-research-and-development-staff-beijing.html
STCN: IBM Chinese R&D Branch Closed
China Security Times (STCN) recently reported on an IBM internal decision stating that IBM China Investment Company (IBMV) and its branches will cease business activities starting March 1, 2025. Related office spaces will also be suspended.
Details in https://chinascope.org/archives/36840
Around 1800 people lost their job.
Great win for India and congratulations to Indians who will make IBM great again!
It’s the corporate equation As goes revenue so goes headcount. IBM China has dried up as China has decided to inwardly focus. IBM sees no future revenue potential there given the current political environment. As such headcount has to come down.
Just move CHQ To India
Might as well
Alvind does not care about the country which helped make him and his CheapMunks wealthy
Does an admin run this board ? Why was that post removed? There was proof of bias on tape and the OP was not wrong
A simple apology would have been good enough as well as ending DEI and everyone would’ve moved on
It's interesting to note that the posting about Alvind being an arrogant so and so has disappeared....it's censorship at it's finest particularly when it related how the crook and his Pipmunks run Big Blue IBM.
Gotta pay for those giant stock awards for Alvind Krabanaugh and the rest of the CheapMunks
Unfortunately on the backs of employees
The money's drying up faster than Alvind and the Pipmunks thought, hence the rapid pace of closures and layoffs....not a surprise. Moving jobs to the CEO's home country ain't nothing but a temporary band aid at best.
When you're not winning in the Marketplace, you are losing in the Marketplace. There is no Middle ground or Middle Earth about that statement.