IBM became the latest technology company to cut jobs, announcing on Wednesday that it would cut about 3,900 jobs, or 1.4% of its 280,000-strong workforce. IBM also announced its financial report for the fourth quarter: revenue of US$16.7 billion, the same as the same period last year, and net profit of US$2.71 billion; full-year revenue in 2022 was US$60.5 billion, a year-on-year increase of 6%, of which hybrid cloud revenue was US$22.4 billion, An increase of 11% year-on-year. Due to concerns about economic recession, major technology companies have announced layoffs, with the exception of Apple, which has the highest market value.
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