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See the list of companies letting workers go in 2025. Layoffs and other workforce reductions are continuing in ... Google, and IBM have previously announced job cuts related to AI. Tech jobs in ...
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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Celestica was incorporated in 1994 as a subsidiary of IBM. [3] In 1996, it was sold off to Onex Corporation. In April 2001, the company announced it was laying off 3,000 people, about 10% of its workforce, due to the dot-com crash. [4] Losses mounted and on 29 January 2004 the company announced that company CEO Eugene Polistuk would be retiring.
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 October 2014, GlobalFoundries received US$1.5 billion from IBM to accept taking over IBM Microelectronics, including a 200 mm fab (now Fab 9) in Essex Junction, Vermont, and a 300 mm fab (now Fab 10) in East Fishkill, New York. As part of the agreement, GlobalFoundries will be the sole provider of IBM's server processor chips for the next 10 ...
Reddit went public in 2024 and is a more popular, profitable site than ever in its 20-year history. BI spoke to 11 Reddit employees about the new challenges and maintaining its beloved culture.
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]