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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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More than 900 business leaders across the country expect significant layoffs at their companies in 2024, according to a survey. Thirty-eight percent of the 906 respondents said they think layoffs ...
Some media outlets compared the 2023-2024 layoffs to the video game crash of 1983, when the US video game market collapsed due to an oversaturation of poorly made, low-quality games, causing the video game industry to enter a recession for two years. This has sparked discussions about a potential "second video game crash."
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]
Gerstner was the first IBM CEO who was hired from outside the company. Upon becoming chief executive of IBM, Gerstner declared: "the last thing IBM needs right now is a vision", as he instead focused on execution, decisiveness, simplifying the organization for speed, and breaking the gridlock. [13]
The media and entertainment industry's reckoning will continue in 2024 with more layoffs underway. Media layoffs: Google, Paramount, Disney, and others commit to job cuts in 2024 [Video] Skip to ...
The Worker Adjustment and Retraining Notification Act of 1988 (the "WARN Act") is a U.S. labor law that protects employees, their families, and communities by requiring most employers with 100 or more employees to provide notification 60 calendar days in advance of planned closings and mass layoffs of employees. [1]