IBM Trading Volume Drops 49.44% to $1.178 Billion, Ranks 53rd Amid Job Cuts

On March 24, 2025, IBM's trading volume reached $1.178 billion, a 49.44% decrease from the previous day, ranking 53rd in the day's stock market. IBM's stock price rose by 1.88%, marking two consecutive days of gains and a total increase of 2.11% over the past two days.

IBM has announced significant job cuts, planning to eliminate approximately 9,000 positions in the United States by 2025. This move is part of the company's restructuring strategy, aimed at enhancing cost efficiency and relocating jobs offshore. The job reductions will primarily affect IBM's Cloud operations, reflecting a broader shift in the company's focus towards offshore job creation.

This restructuring effort is expected to have a substantial impact on IBM's workforce in the US, with the job cuts primarily targeting the Cloud division. The company's decision to reduce its domestic workforce is part of a broader strategy to streamline operations and focus on more cost-effective solutions, potentially boosting job opportunities in other regions, particularly India.