Don't miss key details from the Mueller report. Sign up for Axios AM.

Stories

IBM Watson Health confirms layoffs

Two women in the lobby of IBM Watson Health headquarters in Massachusetts.
IBM Watson Health headquarters in Massachusetts. Photo: Suzanne Kreiter/The Boston Globe via Getty Images

An IBM spokesperson has confirmed the technology giant has laid off people in its Watson Health division, saying in a statement the layoffs represent a "small percentage" of Watson Health's 7,000-plus employees without disclosing exact figures. IBM said earlier media reports of "massive" layoffs are exaggerated.

Why it matters: IBM has spent billions the past few years acquiring various health care companies, so cutting jobs may have been inevitable. But Watson Health, a unit focused on using artificial intelligence in health care, has faced criticism for expensive technology and overhyped claims.