NEW DELHI: After media reports surfaced that tech giant IBM has sacked 300 employees from its services division in India, the company on Tuesday said it is "re-inventing" itself to meet changing requirements of the businesses. "IBM has been in India for over 25 years and remains committed to being an essential part of its growth. Most of the "sacked" employees were in the software services. "Our ability to do this is why we are the only tech company that has not only survived but thrived for more than 100 years," IBM spokesperson Edward Barbini had said. Another tech company Cognizant has also fired nearly 600 senior employees in recent times, saying they could not adjust to the "changing environment" of the company, the media reported.

Source: Mint May 14, 2019 10:18 UTC