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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 ...
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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.
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.
November 3, 2021 Kyndryl. IBM distributed 80.1% of its Kyndryl shares to IBM shareholders. January 21, 2022 – IBM announced that it would sell Watson Health to the private equity firm Francisco Partners. [232] August 22, 2023 — IBM announced that the private equity firm Francisco Partners would acquire The Weather Company assets. [233]
The video game industry layoffs are a part of the broader tech industry layoffs that began in 2023; [17] many such layoffs have been attributed to artificial intelligence, [18] although increased interest rates, reduced demand from consumers and excessive hiring during the COVID-19 pandemic have also been cited as causes. [17]
In April 2023, Red Hat announced layoffs impacting 4% of its workforce or more than 700 employees. Wood was notified his position was going to be eliminated on July 17. Wood was notified his ...
Virginia "Ginni" Rometty (born July 29, 1957) is an American business executive who was executive chairman of IBM after stepping down as CEO on April 1, 2020. She was previously chairman, president and CEO of IBM, becoming the first woman to head the company. She retired from IBM on December 31, 2020, after a near-40 year career there.