Search results
Results From The WOW.Com Content Network
Companies such as Dropbox, Google, and IBM have previously announced job cuts related to AI. Tech jobs in big data, fintech, and AI are meanwhile expected to double by 2030, according to the WEF.
For premium support please call: 800-290-4726 more ways to reach us
By Jennifer Booton IBM has initiated layoffs that have so far reached more than 1,600 positions, according to employee group Alliance@IBM. IBM confirmed the layoffs on Thursday but would not ...
The dividend was also slashed from $1.21 to 54 cents, after the company had failed to make enough profit to cover its dividend payments for eight business quarters. IBM president Jack Kuehler was shifted to the post of vice-chairman, while finance director Frank Metz was also ousted. Paul Rizzo, a rival with Akers for the CEO position back in ...
IBM was founded in 1911 as the Computing-Tabulating-Recording Company ... (IBM), with some saying it stands for "I've Been Moved" due to relocations and layoffs, ...
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]
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 ...
April 2012 – IBM sells its Retail Store Solutions division (Point-of-Sales) to Toshiba TEC [222] January 2014 – IBM sells its IBM System x business to Lenovo for $2.3 billion. [223] October 2014 – IBM sells its Microelectronics (semiconductor) branch to GlobalFoundries. IBM will pay GlobalFoundries $1.5 billion over 3 years to take over ...