Tech giant IBM plans to cut around 1 in 5 jobs across Europe, sources close to the matter told Bloomberg on Wednesday.
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.
The UK and Germany will see the most job cuts, but staff in Poland, Slovakia, Italy, and Belgium will also lose their job, they said.
The jobs cuts will lower costs at IBM's services unit, which has seen sluggish growth, they added.
The job cuts should be completed by the mid-2021, one of the sources told Bloomberg.
Tech, IBM, Bloomberg
Europe, Germany, Poland, Slovakia, Italy, Belgium