tech

IBM and SAP to cut thousands of jobs in latest tech sector layoffs

Two significant employers in Ireland, German software giant SAP, and American tech giant IBM plan to cut their global workforces as part of the most recent round of layoffs in the technology sector. In connection with some asset divestments, IBM disclosed 3,900 layoffs on Wednesday. James Kavanaugh, the company’s chief financial officer, said that the … Read more

Samsung Expects 52% Rise in Quarterly Operating Profit

Technology giant Samsung Electronics is forecasting 52% jump in profit for the last three months of 2021, lifted by resilient demand for memory chips and improved returns from its contract chip-making business. The world’s biggest smartphone and memory-chip maker expects operating profit of about 13.8 trillion South Korean won, equivalent to about $11.4 billion, for the … Read more