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One-third of IBM staff in India may be moved to new infra services biz: CEO

On Thursday, the 109-year-old IBM announced spinning off its managed infrastructure services unit into a new public company that has been temporarily named NewCo

Arvind Krishna, IBM CEO
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"We do believe this will unlock growth for both and will return IBM to sustainable mid-single digit growth in the medium term," he added.

Press Trust of India New Delhi
About one-third of IBM's employees in India could be moved to the managed infrastructure services business unit that will be spun off as a separate company to accelerate the tech giant's cloud growth strategy, its CEO Arvind Krishna said.
On Thursday, the 109-year-old IBM announced spinning off its managed infrastructure services unit into a new public company that has been temporarily named NewCo. The separation is expected to be completed by the end of 2021.
The move is aimed at helping IBM, often referred to as 'Big Blue', focus on accelerating its hybrid cloud growth strategy and drive digital transformations for its

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First Published: Oct 09 2020 | 9:25 PM IST

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