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IBM faces worst stock crash in 58 years, loses $70 billion: Here's what led to the massive sell-off

Business | Jul 15, 2026, 01:00 PM IST

The sharp downfall came after the company lowered its revenue outlook and admitted it had failed to keep pace with rapidly changing customer spending patterns in the era of Artificial Intelligence (AI).

IBM layoffs: 8,000 roles impacted by AI integration

Technology | May 27, 2025, 02:32 PM IST

Job cuts have mainly affected the HR department, where routine work has been replaced by an AI agent. The money saved from using automation is being reinvested into other areas of the business.

India's largest quantum computer launching soon in Amaravati, Andra Pradesh

Technology | May 05, 2025, 03:06 PM IST

India is set to establish its largest quantum computer in Amaravati, the capital of Andhra Pradesh, as part of the National Quantum Mission. IBM and TCS are collaborating on its development.

IBM to lay off around 9000 employees this year

IBM employees' layoff 2025: IBM to cut around 9,000 jobs this year, say insiders

Business | Mar 23, 2025, 05:04 PM IST

IBM is laying off around 9,000 employees in 2025, primarily in the United States, with significant cuts in the Cloud Classic division. Insiders suggest this is part of an ongoing workforce restructuring that includes shifting roles offshore, particularly to India.

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India's data beach expenses soar: Average cost hits Rs 17 crore, new Study revealed

Technology | Jul 25, 2023, 08:23 PM IST

India experiences a variety of cyberattacks, with phishing attacks being the most common at nearly 22%, closely followed by stolen or compromised credentials at 16%. Interestingly, social engineering emerged as the costliest cause of breaches, resulting in significant financial losses.

IBM to invest $100 million to build a 100,000-qubit supercomputer by 2033

Technology | May 21, 2023, 09:45 PM IST

According to the company, a 100,000-qubit system would serve as a foundation to address some of the world's most pressing problems that even the most advanced supercomputers of today may never be able to solve.

IBM may replace 7,800 jobs with AI in next 5 years: Know more

IBM may replace 7,800 jobs with AI in the next 5 years: Know more

Technology | May 02, 2023, 10:21 AM IST

Krishna has been managing the century-old company since 2020 and has been witnessing constant lower growth in the businesses it has been felt by his statement that he may consider selling its weather unit soon (timeline unspecified).

IBM fires nearly 3,900 employees as company fails to meet annual cash target

Business | Jan 26, 2023, 08:24 AM IST

According to reports, the layoffs are the result of the company not meeting its annual cash target, and revenue expectations in the fourth quarter.

Airtel and IBM collaborated to power Indian enterprises in 5G era- Know more

Technology | Sep 14, 2022, 07:15 PM IST

Airtel's edge computing platform, deployed as a hybrid environment, is based on IBM Cloud Satellite and Red Hat OpenShift.

IIT Madras joins IBM Quantum Network to advance quantum computing in India

Business | Sep 12, 2022, 06:03 PM IST

As a member of the IBM Quantum Network, IIT-M will get cloud-based access to IBM’s most advanced quantum computing systems and IBM’s quantum expertise to explore practical applications and realize the wide-ranging benefits of this technology for business and society.

Arvind Krishna, IBM chairman, elected to Board of Directors of Federal Reserve Bank of New York

Business | May 04, 2022, 02:42 PM IST

Krishna, who has an undergraduate degree from the Indian Institute of Technology, Kanpur and a PhD from the University of Illinois at Urbana-Champaign, previously was senior vice president of Cloud and Cognitive Software.

IBM suspends business in Russia; says 'providing critical support to impacted areas'

World | Mar 08, 2022, 07:23 AM IST

Russia continues to maintain that it started the "military operation" to save the residents of eastern Ukraine and "demilitarise" the political leadership in the country.

Jim Whitehurst steps down as IBM president in just 14 months

Business | Jul 03, 2021, 10:14 AM IST

Whitehurst has played a pivotal role in the $34 billion IBM and Red Hat integration announced in 2018.

'TCS 3rd most-valued IT services brand globally, closes gap behind IBM'

Business | Jan 27, 2021, 04:18 PM IST

Tata Consultancy Services (TCS) has been ranked third most-valued IT services brand globally, after Accenture and IBM, according to a report by Brand Finance. Four Indian IT services companies -- TCS, Infosys, HCL, and Wipro -- secured spots in the top-10 global tally.

Vodafone Idea inks pact with IBM on data transformation

Business | Oct 13, 2020, 01:30 PM IST

Telecom major Vodafone Idea Limited (VIL) on Tuesday announced that it has selected IBM Services to help it embrace open source at scale across the enterprise by implementing the big data platform on open source Hadoop framework.

PM Modi interacts with IBM CEO, says 'great time to invest in India'

Business | Jul 20, 2020, 06:50 PM IST

Prime Minister Narendra Modi interacted with IBM CEO Arvind Krishna via video conferencing on Monday. Talking about the impact of COVID-19 on business culture, the prime minister said that "work-from-home" is being adopted in a big way and the government is constantly working towards providing infrastructure, connectivity, and regulatory environment to ensure that this technological shift is smooth.

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