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Capitalism: Its the end of IBM as we knew it
  • Vitaliy_KiselevVitaliy_Kiselev

    IBM is splitting into two public companies, with a spin-off handling the firm’s legacy IT infrastructure work, allowing IBM to focus on new high-margin businesses, particularly cloud services and AI.

    The 109-year-old company announced the news this week, which follows CEO Arvind Krishna’s longterm plan to streamline the sprawling busines

    https://www.ibm.com/investor/att/pdf/IBM-Strategic-Update-2020-Press-Release.pdf

    It is always nice to see how efficient managers destroy another company.

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  • Vitaliy_KiselevVitaliy_Kiselev

    Next steps

    There have been reports of IBM plans to lay off 8,000 employees in Europe, including 2,000 in the UK and Ireland. The company previously said it would lay off part of the state due to the COVID-19 pandemic. Last week, IBM told its staff in Europe that consultations would begin shortly and would last 45 days.

    The company declined to provide specific figures on the scale of the layoffs, but a source familiar with the matter told Channel Partner Insight (CPI) that about 8,000 jobs are expected to be lost at IBM subsidiaries in Europe.

  • Vitaliy_KiselevVitaliy_Kiselev

    IBM plans to get rid of its planet-heating carbon dioxide emissions from its operations by 2030, the company announced today. And unlike some other tech companies that have made splashy environmental commitments lately, IBM’s pledge emphasized the need to prevent emissions rather than developing ways to capture carbon dioxide after it’s released.

    IBM top management will be managing few hundreds remote workers from India by 2030, looking at their nice progress.

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