**One-third of India employees could be part of new managed infra services co: IBM CEO**

About one-third of IBM's employees in India could be moved to the managed infrastructure services business unit that will be spun off as a separate company to accelerate the tech giant's cloud growth strategy, its CEO Arvind Krishna said. On Thursday, the 109-year-old IBM announced spinning off its managed infrastructure services unit into a new public company that has been temporarily named NewCo.

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