The Wall Street Journal: IBM announces layoffs, the first under new CEO

“IBM’s work in a highly competitive marketplace requires flexibility to constantly remix high-value skills, and our workforce decisions are made in the long-term interests of our business,” the company said in a statement late Thursday.

The company didn’t disclose the scale of the job losses. A person familiar with the company’s plans said they are thought to affect several thousand people. IBM had around 352,600 employees as of the end of last year, according to a January regulatory filing.