US computer giant IBM confirmed Monday it would close its research and development arm in China.
Multiple employees told AFP they had been informed during a brief meeting with US executives on Monday that the company would gut its research and development team in China and move operations to another country.
When asked about the cuts, an IBM spokesman told AFP: "IBM adapts its operations as needed to best serve our clients, and these changes will not impact our ability to support clients across (the) Greater China region".
The employees said more than 1,000 jobs in China could be cut and it was unclear where the company would move its operations.
"Today it was just officially announced," said one employee, who declined to give his name.
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