New Delhi: World's renowned tech company IBM has also been hit by Corona virus crisis. This company has also joined the list of companies, which are taking out employees from here. With this, the company has said that it will also cut the salaries of the employees.

This company, owned by Arvind Krishna, first started it with workers working in the US. At present, it has been decided to cut the health insurance provided to the employees working in America. The company has said that it will cut this budget. The company has said that this step has to be taken for long-term operations. Apart from this, the company has also cut the salary of many of its employees.

In addition to IBM, HP has also announced layoffs. However, it is not yet known how many people will exit the company. Currently the estimate is that this number is in thousands. IBM has decided to cut the salary of employees by 25 percent by 31 October. Currently, the company is moving most of its resources to the cloud.

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