Sources: IBM is planning to cut 10,000 jobs in Europe, or 20% of staff in the region, to lower costs in its services unit as it prepares for a spinoff (Bloomberg)

Bloomberg:
Sources: IBM is planning to cut 10,000 jobs in Europe, or 20% of staff in the region, to lower costs in its services unit as it prepares for a spinoff  —  - U.K. and Germany are set to be most impacted regions  — Big Blue focuses on hybrid cloud computing, AI businesses