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Global information technology (IT) services major IBM has let go of a few thousand employees from its Indian unit, which is believed to employ one of its every three workers globally.
IBM joins local peers such as Wipro, Infosys, Cognizant and Tech Mahindra in pruning staff as the IT sector faces technology shifts towards automation, and from manning legacy system to digital and cloud.
IBM India was looking at a target of "achieving 100 per cent utilisation" across all projects with a shift in business and increased demand for digital-technology based services, a person familiar with the development said.
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