Cloud Migrations are Affecting Layoffs

As COVID-19 continues changing norms across industries, the impact is emerging in the IT industry. Many companies are moving their IT services are moving to the cloud as a way of enhancing service provision. Although companies were already shifting their operations from onsite to the cloud pre-Covid-19, the shift has been accelerated by the coronavirus pandemic as well as lockdown and social distancing measures put in place to limit infections. This change is suddenly being felt as many players are now laying off their staff. For instance, IBM, under its new chief executive officer, is cutting off several jobs as a result of these changes. Although the number of staff that will be laid off is still not known, the Wall Street Journal reports that it is likely to be in thousands out of its original number of 352,600 as of the end of 2019.

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