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International Business Times
International Business Times
Bruce Golding

IBM Shutters R&D Labs In China, Slashing 1,000-Plus Jobs in Beijing And Elsewhere

IBM China Beijing United States Amazon Tesla Inc. Joe Biden SCMP
A cleaner works out IBM's China System Center building in Beijing on Monday, Aug. 26, 2024. (Credit: PEDRO PARDO/AFP via Getty Images)

IBM is shutting down its research and development operation in China — becoming the latest Big Tech firm to slash payrolls there amid growing Sino-U.S. tensions.

The closure of the company's China Development Lab and China Systems Lab —and the layoffs of more than 1,000 workers — was announced during a internal meeting Monday morning, the South China Morning Post reported, citing posts by employees on Chinese social media websites.

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