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What is IBM about?

IBM underwent major downsizing and reorganization during the 1980s and 1990s to reduce costs and improve profits as its mainframe computer business declined. It split into 13 autonomous units and shed over 100,000 jobs between 1988 and 1992. While initially controversial, downsizing allowed companies to focus on core competencies and outsource non-essential functions, absorbing redundant workers. It became a self-eliminating process as leaner companies gained market share and demand for labor rose. However,

Author

Sunil Patil

Language

EN