IBM cuts 3,900 jobs despite promising annual results
In spite of promising annual results in 2022, IBM will cut 3,900 jobs over the next few months to reduce costs.
IBM's employees aren't immune to the wave of layoffs flooding the top of the tech industry at this time. The organization told Bloomberg that 3,900 staffers will be fired in the first ... Read more
Activist investor Elliott Management acquires stake in Salesforce
Elliott Management acquired a significant stake in Salesforce, the Wall Street Journal reports. The activist investor may influence the company considerably.
Elliott Management reportedly took a 3.3 percent stake, representing a multi-billion dollar investment. The exact figure was not disclosed... Read more
‘Google’s parent company lays off 12,000 employees’
A leaked memo suggests Alphabet will cut 12,000 jobs.
The news follows shortly after the announcement of a layoff round at Microsoft. 10,000 employees will be fired in the coming months. The tech giant intends to cut costs.
According to Reuters, Alphabet is taking similar measures. In a... Read more
Microsoft to lay off 10,000 employees, CEO confirms
Ten thousand Microsoft staffers will lose their jobs in the coming months, CEO Satya Nadella confirmed in a written statement.
Earlier today, we covered rumours of a layoff round at Microsoft. Insiders said the tech giant would disclose the plan today. Meanwhile, confirmation has arrived. CEO S... Read more
Amazon cuts 18,000 jobs worldwide
Amazon plans to lay off 18,000 employees, citing macroeconomic circumstances as a key factor for the decision.
In a blog, CEO Andy Jassy indicates that the company faces macroeconomic difficulty. Jassy explained Amazon recruited too many employees in recent years, causing a disbalance at presen... Read more
‘9 in 10 developers are concerned about budget and staff cuts’
Researchers from Appian suggest that nine in ten UK and EU developers are concerned about budget and staff cuts. The growth of the IT market is on the decline. Most feel the impact, from the boardroom to the office floor.
Appian surveyed 1,500 developers and software engineers for a study on th... Read more
Chipmaker GlobalFoundries warns employees of layoffs
The management of chipmaker GlobalFoundries warned employees of upcoming layoffs. Inflation and energy prices are on the rise. Demand for chips declines as a result. GlobalFoundries is preparing for an uncertain period by cutting staff.
The plan was announced in an email to employees on Friday ... Read more
‘To survive economic uncertainty, CIOs should invest in personnel’
Gartner shared three pieces of advice for IT decision-makers and CIOs struggling with economic uncertainty during the opening keynote of its annual IT Symposium. According to the organization, companies can survive the coming months and years by investing in the right technology.
The annual Gar... Read more
‘Huawei CEO puts company in survival mode’
Huawei's CEO reportedly sees tough economic times as a threat to the company. A focus on survival is said to be necessary.
Chinese websites Yucai and 163 claim that Huawei CEO Ren Zhengfei warned employees of economic risks in an internal memo. Zhengfei reportedly referred to economic circumsta... Read more
Microsoft books revenue growth while profits lag behind
Microsoft's revenue grew by 18 percent in the fiscal year of 2022. Nevertheless, the profit increase of 19 percent pales in comparison to the 38 percent rise between 2020 and 2021.
The tech giant recently presented the fourth and final quarterly figures for the fiscal year of 2022. Microsoft bo... Read more