IBM shares plunged after the company warned that Q2 revenue and earnings would miss expectations, blaming customers’ sudden shift in spending toward AI hardware instead of software services. However, CEO Arvind Krishna did not place all the blame on IBM’s customers. The CEO also said it “faltered” by failing to “anticipate the magnitude of the capex reprioritization.” “These conditions require...
Exclusive: Experts fear rise in education ‘cold spots’ and social immobility as 4,000 academic posts lost in one year
Thousands of university job cuts in humanities and social sciences are creating widespread cold spots for languages, classics and theology degrees, the British Academy has warned.
Universities’ finances are so precarious that redundancies are also occurring in business...
It marks a major policy shift for the immigration enforcement agency, which has faced criticism in the past year over allegations of excessive use of force.
He created U.S. Healthcare, one of the first H.M.O.s, and used his great wealth from the sale of the company for causes like advancing cancer research.