One-third of India employees could be part of newly managed infra services company: IBM CEO

About one-third of IBM’s employees in India could be moved to the managed infrastructure services business unit that will be spun off as a separate company to accelerate the tech giant’s cloud growth strategy, its CEO Arvind Krishna said.

On Thursday, the 109-year-old IBM announced spinning off its managed infrastructure services unit into a new public company that has been temporarily named NewCo. The separation is expected to be completed by the end of 2021.

The move is aimed at helping IBM, often referred to as ‘Big Blue’, focus on accelerating its hybrid cloud growth strategy and drive digital transformations for its clients.

“We are redefining IBM for the future. In doing so, we are creating two market-leading companies…I’m very proud of the footprint we have in India, which will continue…