The new report also found that breaches cost over $1 million more on average when remote work was indicated as a factor in the event.
"The actions we are taking to focus on hybrid cloud and AI will take hold, giving us confidence we can achieve revenue growth in 2021.”
The job cuts could affect about 20% of its staff in Europe. The United Kingdom and Germany would be the hardest hit, says Bloomberg.
The company said the move is part of its hybrid cloud and AI push.
The move allows it to focus on its hybrid cloud business.
“Our clients see the value of IBM’s hybrid cloud platform, based on open technologies, at a time of unprecedented business disruption."
Microsoft, Amazon, and Google allegedly used pictures collected without consent to train their technologies.
Tech giant says it can't condone "racial profiling" or "mass surveillance."
“The company’s cloud business hasn’t been able to make up for declining sales in its services, hardware, and financing businesses."
Eric Shander, who had been with the software firm since 2015, helped guide it through its acquisition by IBM.
The new network increases efficiency and reduces fraud and error risk.
The company said its cloud revenue continued to grow.
