As IBM shifts to hybrid cloud, reports have them laying off 10,000 in EU

As IBM makes a broad shift in strategy, Bloomberg reported this morning that the company would be cutting around 10,000 jobs in Europe. This comes on the heels of last month’s announcement that the organization will be spinning out its infrastructure services business next year. While IBM wouldn’t confirm the layoffs, a spokesperson suggested there […] Continue reading As IBM shifts to hybrid cloud, reports have them laying off 10,000 in EU

Wendell Brooks has resigned as president of Intel Capital

When Wendell Brooks was promoted to president of Intel Capital, the investment arm of the chip giant in 2014, he knew he had big shoes to fill. He was taking over from Arvind Sodhani, who had run the investment component for 28 years since its inception. Today, the company confirmed reports that he has resigned […] Continue reading Wendell Brooks has resigned as president of Intel Capital

Intercom announces the promotion of Karen Peacock to CEO

Three years ago almost to the day, Intercom announced that it was bringing former Intuit exec Karen Peacock on board as COO. Today, she got promoted to CEO, effective July 1st. Current CEO and company co-founder Eoghan McCabe will become Chairman. As it turns out, these moves aren’t a coincidence. McCabe had been actively thinking […] Continue reading Intercom announces the promotion of Karen Peacock to CEO

Factorial raises $16M to take on the HR world with a platform for SMBs

A startup that’s hoping to be a contender in the very large and fragmented market of human resources software has captured the eye of a big investor out of the US and become its first investment in Spain. Barcelona-based Factorial, which is building an all-in-one HR automation platform aimed at small and medium businesses that manages […] Continue reading Factorial raises $16M to take on the HR world with a platform for SMBs

And then there was one: Co-CEO Jennifer Morgan to depart SAP

In a surprising move, SAP ended its co-CEO experiment yesterday when the company announced Jennifer Morgan will be exiting stage left on April 30th, leaving Christian Klein as the lone CEO. The pair took over at the end of last year when Bill McDermott left the company to become CEO at ServiceNow, and it looked […] Continue reading And then there was one: Co-CEO Jennifer Morgan to depart SAP

Sales startup People.ai lays off 18% of staff, raises debt round amid COVID-19 uncertainty

Another startup has turned to downsizing and fund raising to help weather the uncertainty around the economy amid the global coronavirus health pandemic. People.ai, a predictive sales startup backed by Andreessen Horowitz, Iconic, Lightspeed and other investors and last year valued at around $500 million, has laid off around 30 people, working out to about […] Continue reading Sales startup People.ai lays off 18% of staff, raises debt round amid COVID-19 uncertainty

Incoming IBM CEO Arvind Krishna faces monumental challenges on multiple fronts

Arvind Krishna is not the only CEO to step into a new job this week, but he is the only one charged with helping turn around one of the world’s most iconic companies. Adding to the degree of difficulty, he took the role in the midst of a global pandemic and economic crisis. No pressure […] Continue reading Incoming IBM CEO Arvind Krishna faces monumental challenges on multiple fronts

Mozilla names long-time chairwoman Mitchell Baker as CEO

Mozilla Corporation announced today that it has chosen long-time chairwoman Mitchell Baker to be CEO, replacing Chris Beard who announced he would be stepping down at the end of the year last August. Baker represents a logical choice to lead the company. At a time of great turmoil in the world at large, she brings […] Continue reading Mozilla names long-time chairwoman Mitchell Baker as CEO

Mozilla names long-time chairwoman Mitchell Baker as CEO

Mozilla Corporation announced today that it has chosen long-time chairwoman Mitchell Baker to be CEO, replacing Chris Beard who announced he would be stepping down at the end of the year last August. Baker represents a logical choice to lead the company. At a time of great turmoil in the world at large, she brings […] Continue reading Mozilla names long-time chairwoman Mitchell Baker as CEO

Paul Cormier takes over as Red Hat CEO, as Jim Whitehurst moves to IBM

When Ginni Rometty indicated that she was stepping down as IBM CEO at the end of January, the company announced that Arvind Krishna would be taking over, while Red Hat CEO Jim Whitehurst would become president. To fill his role, Red Hat announced today that long-time executive Paul Cormier has been named president and CEO. […] Continue reading Paul Cormier takes over as Red Hat CEO, as Jim Whitehurst moves to IBM