Posts tagged “IBM”
A "resource action," or layoffs, that a worker described as a "bloodbath" is underway at IBM under the name "Project Chrome," workers are telling the Alliance@IBM Union. One of the first posts Wednesday came from RTP. IBM confirmed cuts are being made.
Workers at IBM are telling the Alliance@IBM union that layoffs as part of what Big Blue calls a "resource action" are set to begin Wednesday. IBM confirmed Monday plans to cut thousands of jobs, having set aside some $600 million to cover the cost of a restructuring.
Like a pendulum, world media jumped on a report that IBM was cutting some 26 percent - or more than 100,000 jobs. Then IBM issued a sharply worded denial. The media responded, widely reporting that news. But the fact remains: IBM acknowledged that a lot of jobs will be lost in a restructuring but Big Blue also is on a hiring binge.
IBM calls a report that it's cutting 100,000 jobs "ridiculous." However, the company does confirm it is cutting jobs. "This rumor is ridiculous, and off by a factor of more than 10," says IBM's director of corporate communications. He also notes IBM is hiring.
IBM is undergoing a major internal restructuring as Chair and CEO Ginny Rometty tries to reverse nearly three years of dwindling returns. But is Big Blue really going to cut as many as 100,000 jobs as has been reported over the weekend? Not even the Alliance@IBM is buying in completely to the story.
An analyst at Morningstar tells financial news website Benzinga that there are rumors IBM may split. But he also says such a move, which HP already is doing in preparing to spin off its PC division, would be "challenging."
Scientists and inventors at IBM churned out a whopping 7,534 patents in 2014. That's the first time a company has topped the 7,000 mark. Plus, Big Blue has now led the U.S. in patents awarded for 22 straight years. Of the patents, more than 500 came in the emerging field of cognitive computing. Google, meanwhile, cracks the top 10 for the first time and Apple shows growth.
Analysis: IBM internally announced a reorganization on Jan. 6 that structures the company into specific units focused on combining technology, software assets and IP, and domain and vertical expertise for more agile delivery of IT in response to how its customers want to consume technology, concludes a team of analysts at Technology Business Research.
An internal memo from Chair and CEO Ginny Rometty outlines a big shakeup in how IBM is structured, and various reports add other details. "Our industry is rapidly re-ordering," Rometty told IBMers in a memo, and so is Big Blue as she remakes the company in her image for the future.
Research firm Technology Business Research has the breakdown on the newly reorganized IBM, identifying eight business units and their new leaders. What are the groups? Who is leading them? WTW Insiders get the details.
In the first of three special reports, analysts at Technology Business Research offer a detailed analysis of what is likely to happen across the data center industry. Transformation will reach "unprecedented levels" in a market were Red Hat, Cisco, NetApp, IBM, Lenovo, Oracle and many others are major players. And each of the mentioned firms has a major presence in the Triangle. WTW Insiders can read the details.
Lenovo, its work force swollen by several thousand employees after two major acquisitions in 2014, is offering buyouts to veteran workers. The world's No. 1 PC manufacturer says the offers are voluntary and includes several business units.
#WTWTrends for Wednesday: RTP and The Frontier, Digital Learning, Red Hat and IBM, Jobs Trending in the Triangle
Trending in the Triangle: Get the pulse of technology in the Triangle with the best in local technology, venture, biotech, and life science news on Wednesday, Dec. 17, 2014 as curated by @WRALTechWire.
Red Hat is set to announce its latest quarterly financials on Thursday, and Wall Street won't be surprised if the Hatters deliver better-than-expected results. Or will the Hatters disappoint? A new IBM deal may give Red Hat a boost going forward.
The unfolding details about the devastating hacker attack at Sony is just one example of the increasing challenges companies face. Chief Information Security Officers tell IBM that they are "outgunned in the cyber war."
A consortium of big tech companies including Cisco and IBM - but not Google - warn Congress and the FCC that Internet regulation as proposed by President Obama will "hurt" broadband expansion and lead to "reduced capital spending."
The recently announced partnership between Apple and IBM to develop apps for Apple's iOS operating system is delivering its first solutions: Ten apps as part of IBM MobileFirst for iOS. And some major clients already have signed on.
Lenovo to top Samsung in mobile computing; AT&T offers VR headsets; regulators OK Duke Energy solar projects; IBM idea to power poor villages; Red Hat downgrade
In today's roundup of technology news: Lenovo to pass Samsung for No. 2 in mobile computing sales, report says; AT&T offering virtual reality headsets; Duke Energy wins regulatory approval for three solar projects; IBM says use old laptop batters to power poor villages; and Red Hat stock gets a downgrade.