03:55 PM EDT, 03/12/2024 (MT Newswires) -- International Business Machines ( IBM ) is cutting jobs in its marketing and communications division, CNBC reported Tuesday, citing a person with knowledge of the matter.

According to the unnamed source, Chief Communications Officer Jonathan Adashek told the employees about the layoffs in a roughly seven-minute meeting.

The company did not immediately respond to MT Newswires' request for comment.

IBM ( IBM ) shares were up 3.4% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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