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

Network World

At the same time, Neri said the company would begin implementing a cost-cutting program involving layoffs of about 2,500 employees over the next 18 months. Corporate cost actions will further strengthen our financial profile, Neri said. Still, We could have executed better, Neri said. HPE employs about 61,000 people worldwide.

.Net 407
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Freshworks lays off 660 — about 13 percent of its global workforce — despite strong earnings, profits

CIO Business Intelligence

The layoff announcement sounded unusual in that it was mentioned within an otherwise glowing financial report. 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.”

Financial 290
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Ally Financial finds gen AI success with 3 guiding principles

CIO Business Intelligence

Bank holding company Ally Financial is determined to stay at the cutting edge of technology in the financial industry. But Ally is part of a highly regulated industry, which has seen many banks and financial institutions delayed by regulations. Casting a wider net The bank is working on a number of additional gen AI uses cases.

Financial 305
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20 powerful women shaping the networking industry

Network World

Two traits they share are a commitment to diversity and inclusion and active participation in organizations and programs championing women in tech. Fun fact: Centoni is Ciscos Executive Sponsor for the Women in Science and Engineering (WISE) program. Some have technical backgrounds; others have business or management degrees.

Network 369
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Top tech trends powering the Middle East’s digital evolution by 2025

CIO Business Intelligence

AI and Machine Learning will drive innovation across the government, healthcare, and banking/financial services sectors, strongly focusing on generative AI and ethical regulation. The financial sector will see rapid adoption of digital payments, open banking, and Central Bank Digital Currencies (CBDCs).

Trends 203
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SAP Q2 results reveal large orgs now firmly on the path to AI

CIO Business Intelligence

There are not many organizations that can take a hit on net profit due to monstrous restructuring costs, yet at the same time raise their operating profit projections for 2025, but SAP is one of them, according to its latest quarterly results released this week. Total revenue for the quarter reached €8.29

SAP 334
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5 tips for better business value from gen AI

CIO Business Intelligence

Align data strategies to unlock gen AI value for marketing initiatives Using AI to improve sales metrics is a good starting point for ensuring productivity improvements have near-term financial impact. When considering the breadth of martech available today, data is key to modern marketing, says Michelle Suzuki, CMO of Glassbox.

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