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IBM to cut thousands of jobs in fourth quarter
IBM has announced plans to reduce its workforce by potentially thousands of positions in the fourth quarter as it shifts focus towards its more profitable software sector. Despite a 35% increase in its shares this year, the company has faced a slowdown in its key cloud software growth, raising concerns among investors about future performance….
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Amazon transforms Vancouver’s historic hub
The former Canada Post hub in downtown Vancouver has been transformed into a tech hub for Amazon. Mark Thompson, partner at MCMP Architects, noted: “This building, which was once all about physical communication, is now about digital communication.” Amazon has leased all 1.13m square feet of office space, with 4,500 employees currently working in the…
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Airlines call on government to end shutdown
Delta, United, and American Airlines are urging Congress to end the government shutdown immediately and pay air traffic controllers, who missed their first full paychecks last week. Controllers, already facing staffing shortages, are working mandatory overtime to maintain safety. Airlines warn prolonged shutdowns could cause holiday travel delays and cancellations, stressing both workers and the…
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Intel cuts staff in bid to revive fortunes
Intel is undergoing sworkforce reductions as part of a strategy to revive its fortunes under new CEO Lip-Bu Tan. The company plans to reduce its core workforce from 99,500 to 75,000 by the end of the year through layoffs and attrition. In a memo, Tan acknowledged the challenges faced by the business, saying: “We are…
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Walmart turns to Instacart exec to oversee AI projects
Walmart has hired Daniel Dunker, chief product officer at Instacart, as executive vice president for artificial intelligence acceleration, product and design. He will join Walmart next month and be based in the San Francisco Bay Area. The company also said it is recruiting an AI platforms leader reporting to global chief technology officer Suresh Kumar….
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Filipino-Americans warn about Trump’s remittance tax
Filipino-American leaders are alarmed about a new 3.5% tax on international remittances introduced under President Donald Trump’s economic reform bill. James Zarsadiaz, director of the Yuchengco Philippine Studies Programme, said: “For decades, Filipinos in the U.S. have often been in the top five countries for remittances . . . the fact that those [remittances] will…
