IBM Australia’s workforce has been cut from 6,463 to 5,489 people – a loss of almost 1000 jobs – following a 68 per cent fall in profit.
As reported by Business Insider, the figures were revealed in the company’s latest financial report to ASIC.
IBM Australia’s revenue fell by $320 million in 2016 when compared to 2015, and a 15 per cent decline goods sales saw that revenue drop to $820.91 million. Service sales also dropped by over six per cent.
Profit came in at $16.83 million. In 2015 it was $53.29 million.
The company has had a controversial year, with the ABS blaming the tech giant for the census debacle.
More details about exactly what lead to the Census website shutdown on 9 August have come to light -- with The Australian Bureau of Statistics stating in a Senate inquiry IBM "failed to properly implement" geoblocking, leaving it wide open to denial of service attacks.Read more
For more, see Business Insider Australia for all the details.