IBM will shut down its R&D department in China.

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On August 26, IBM confirmed to me that it would completely shut down its R&D department in China, affecting more than 1,000 employees. IBM said in response to the reporter's question about the layoffs of the R&D department, "IBM will adjust its operations based on needs and provide the best services to customers. These changes will not affect our ability to support clients in Greater China." (Caixin)