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As IBM makes a broad shift in strategy, Bloomberg reported this morning that the company would be cutting around 10,000 jobs in Europe. While IBM wouldn't confirm the layoffs, a spokesperson ...
IBM should pay dividends of at least $6.71 per share next year, adding up to roughly $6.2 billion in total dividend expenses. And these costs are becoming a smaller portion of IBM's growing cash flow.
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Layoffs and other tough management measures continued in the first two years of his tenure, but the company was saved, and business success has continued to grow steadily since then. [1] [2] From 1993 to Gerstner's retirement in 2002, IBM's market capitalization rose from $29 billion to $168 billion. [25]
October 8, 2020 – IBM announced it was spinning off the Managed Infrastructure Services unit of its Global Technology Services division into a new public company, an action expected to be completed by the end of 2021. [231] November 3, 2021 Kyndryl. IBM distributed 80.1% of its Kyndryl shares to IBM shareholders.
IBM held a conference named World of Watson, centered around its AI products and Watson, a QA computer AI system in Las Vegas, on October 29 – November 2. [2] IBM delivered several speeches related to Watson's capabilities and its possible integration to health and business sectors, which were criticized 2 years later by IEEE Spectrum to be exaggerated.
Meta kicked off 2025 with big changes following a big year for the company. In the first weeks of January, it overhauled its content moderation system, nixed DEI programs, and announced layoffs.
International Business Machines Corporation (IBM) is a multinational corporation specializing in computer technology and information technology consulting. Headquartered in Armonk, New York, the company originated from the amalgamation of various enterprises dedicated to automating routine business transactions, notably pioneering punched card-based data tabulating machines and time clocks.