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HPE cuts 2,500 jobs, expects Juniper buy to close year-end ’25, faces tariff issues

Network World

Despite a mostly positive revenue report for the first quarter of its fiscal 2025, HPE executives detailed a number of challenges the company will face in the coming months, including layoffs, a court case over its proposed buy of Juniper Networks, and the U.S. governments tariff plan. Revenues were up $7.9 billion, Myers said.

.Net 369
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20 powerful women shaping the networking industry

Network World

of the Fortune 500 companies have women CEOs. In an AP survey of S&P 500 companies, only 25 of 341 CEOs were women. The Women in Tech organization reports that 17% of tech companies have a woman CEO, and only 25% of all C-suite jobs are held by women. Several went out and started their own company. Only 10.4%

Network 363
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Freshworks lays off 660 — about 13 percent of its global workforce — despite strong earnings, profits

CIO Business Intelligence

The company said the layoffs were part of “realigning our global workforce.” CEO Dennis Woodside said in an analyst call to discuss the earnings that Freshworks “ended the quarter with more than 69,600 total customers with a net add of more than 800 customers.” The reality is that a lot of companies did over hire at some point.

Financial 290
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Redfin to be acquired by Rocket Companies in $1.75B deal

GeekWire

(Redfin Photo) Rocket Companies agreed to acquire Seattle-based Redfin in a $1.75 “Rocket and Redfin have a unified vision of a better way to buy and sell homes,” Rocket Companies CEOVarun Krishna said in a statement. billion, with a net loss of $164.8 billion in 2024, and adjusted net income of $456 million.

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5 tips for better business value from gen AI

CIO Business Intelligence

Still, CIOs have reason to drive AI capabilities and employee adoption, as only 16% of companies are reinvention ready with fully modernized data foundations and end-to-end platform integration to support automation across most business processes, according to Accenture. Paul Boynton, co-founder and COO of Company Search Inc.,

Data 358
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How Kimberly-Clark’s Zack Hicks heeds the call for innovation

CIO Business Intelligence

After the show, we spent time discussing how he drives digital innovation, inspires an innovative culture, and equips people across the company with the capabilities to thrive in a digital world. So we truly are a global company, with team members around the world. What are you doing around AI to set the company up to win?

Strategy 279
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Top tech trends powering the Middle East’s digital evolution by 2025

CIO Business Intelligence

In the energy and utilities sector, sustainability goals, such as Saudi Arabias Vision 2030 and UAEs Net Zero 2050, will drive investment in smart grids, renewable energy, and AI-driven energy efficiency solutions. Fintech hubs like Dubai and Riyadh will continue attracting global and regional players.

Trends 203