IBM to close 100 IBM Corp. campuses in India and Vietnam

IBM Corp., the world’s largest maker of software and systems for personal computers, said on Monday it will close 100 of its campuses in Asia, Vietnam and India, as part of a broader restructuring plan to make its business more resilient to new challenges.

The announcement by the world-beating maker of personal computers and other digital devices comes amid a global slowdown in demand for the products.IBM said in a statement it plans to cut more than 4,000 jobs globally as it seeks to make the business more profitable and to make room for more investment in India.

It will also reduce its headcount by about 1,000 people globally, the company said.IBMs global headcount fell by 4,200 in the first nine months of the year to 7.5 million.

It said in its statement that the headcount cuts would take effect in October.IBMB expects to continue to sell products in China, South Korea and Japan through a partnership with Japan’s SoftBank Group Corp.