Search results for "IBM"

The CEO of IBM stated that he intends to reduce the computer giant’s back office headcount by approximately one-third due to developments in artificial intelligence. In an interview with Bloomberg on Monday, Arvind Krishna stated that...

International Business Machines Corp expects to pause hiring for roles as roughly 7,800 jobs could be replaced by Artificial Intelligence (AI) in the coming years, CEO Arvind Krishna told Bloomberg News on Monday. Hiring specifically in...

IBM will slash some 3,900 jobs, slightly more than one percent of its workforce, related to businesses it has divested, a source close to the matter told AFP on Wednesday. The computing company based in New...

IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter. Chief Financial Officer James Kavanaugh told Reuters...

IBM Corp beat quarterly earnings estimates on Wednesday and said it expects to exceed full-year revenue growth targets as robust demand for the company’s digital services helps cushion the blow from a strong dollar. The IT...

International Business Machines Corp said on Friday that it would allow only fully vaccinated U.S. employees to return to offices, which are set to open from Sept. 7, given the rapid spread of the Delta variant...

The boss of the US tech giant IBM has said a computer chip shortage could last another two years. Its President Jim Whitehurst told the BBC it could be “a few years” before the situation improves....

IBM and Persistent Systems declared a new collaboration to support accelerate IBM Cloud Pak deployments to speed clients’ enterprise modernization and their progress to the cloud. For years, more than 2,000 Persistent engineers and technical professionals...

IBM said on Tuesday it has closed its $34 billion acquisition of software company Red Hat Inc as it looks to ramp up its cloud computing business. Underscoring the drive into high-margin businesses, IBM in October...

IBM said on Sunday it has reached a deal to buy software company Red Hat for $34 billion, a move the computing giant said would enhance its cloud offerings, a key area of growth. The deal...