Another U.S. high-tech company, IBM, pulls out of China and lays off thousands of employees

Corporate global strategic adjustment: Changes in business layout: IBM may reconfigure its R&D resources according to its global business development strategy. For example, shifting the focus of R&D to other regions with more potential or cost advantages in order to adapt to market and technology trends. For example, the company may believe that certain regions have better innovation ecosystems, talent pools or policy support in specific technology areas, and thus make the decision to withdraw from the China R&D department.