![]() ![]() The company is expected to save $2 billion a year in productivity and efficiency steps by the end of 2024, according to CFO James Kavanaugh.ĭespite worsening macroeconomic concerns, Krishna believes that IBM's strong software portfolio, including its acquired unit Red Hat, will help it maintain steady growth. ![]() ![]() IBM exceeded profit expectations in its latest quarter, primarily due to effective management of expenses, which included the previously announced job cuts. Krishna, who became CEO in 2020, has worked to focus IBM around software and services, such as hybrid cloud, and has divested lower-growth businesses, including managed infrastructure unit Kyndryl Inc. IBM currently employs about 260,000 workers and has added about 7,000 people in the first quarter of this year. While IBM plans to slow or suspend hiring for roles that could be automated, the company will continue to hire for software development and customer-facing positions. ![]()
0 Comments
Leave a Reply. |