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Business

“IBM Plans To Replace Nearly 8,000 Jobs With AI — These Jobs Are First to Go”

“IBM CEO Arvind Krishna announced a hiring pause in May, but that’s not all. Later that month, the CEO also stated the company plans to replace nearly 8,000 jobs with AI. Krishna noted that back-office functions, specifically in the human resources (HR)… Continue Reading…

Stocks

“Slack skyrockets 21% after IBM says it’s rolling out the platform to all 350,000 of its employees globally (WORK)”

“Shares of the instant-messaging platform gained as much as 21% on Monday morning when Business Insider’s Paayal Zaveri exclusively reported that IBM would deploy the messaging tool to all 350,000 of its employees around the world…” https://markets.businessinsider.com/news/stocks/slack-stock-price-ibm-biggest-account-global-employees-messaging-platform-2020-2-1028890304

Business

IBM Makes Biggest acquisition In Software History

“… IBM said it would buy cloud computing firm Red Hat for $34 billion — the largest software deal in history. Red Hat, which facilitates the movement of data across various cloud platforms, is an industry leader. Dimitris Mavrakis, research… Continue Reading…