2025-12-29
Bloomberg
13 related
Lou Gerstner, a former IBM CEO and chairman credited with turning the company around, died at 83; IBM's market value rose from $29B to ~$168B during his tenure
Louis Gerstner, who took over International Business Machines Corp. when it was on its deathbed and resuscitated it as a technology industry leader, died Saturday.
2023-05-02
Bloomberg
18 related
IBM CEO Arvind Krishna says the company plans to slow or stop back-office hiring, impacting ~26K staff, and ~30% could “easily” be replaced by AI in five years
International Business Machines Corp. Chief Executive Officer Arvind Krishna said the company expects to pause hiring …
2023-01-26
Bloomberg
14 related
IBM plans to cut ~1.5% of its global workforce, or a “ballpark” of 3,900 jobs, focusing on workers who stayed after IBM spun off Kyndryl and Watson Health
International Business Machines Corp. delivered an upbeat annual sales forecast while announcing it would eliminate …
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