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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 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.
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 2015, IBM announced three major acquisitions: Merge Healthcare for $1 billion, [83] data storage vendor Cleversafe, and all digital assets from The Weather Company, including Weather.com and The Weather Channel mobile app. [84] [85] Also that year, IBM employees created the film A Boy and His Atom, which was the first molecule movie to tell ...
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 layoffs hitting the gaming industry are largely the result of a handful of trends coalescing. The chief overarching issue comes down to publishers and developers overspending throughout 2021 ...
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]