After cutting about 3,900 jobs at the beginning of 2023, IBM is entering the new year with confidence that it will maintain a relatively stable headcount in 2024, CFO Jim Kavanaugh tells WSJ. That said, the legacy tech giant “constantly has to revitalize and reskill our mix to be competitive in the marketplace,” the CFO says. IBM spent about $400 million on workforce rebalancing and reskilling in 2023 and expects to spend a similar amount this year, although there are no concrete management plans in place right now, Kavanaugh says.