article thumbnail

Atos staves off bankruptcy, casts wider net for refinancing

CIO Business Intelligence

But the company is out of ideas for finding new money after the collapse of plans to sell its legacy infrastructure management business to an investment fund and its big data business to Airbus. In 2023, the company made a net loss of €3.4 billion, compared to a net loss of €1 billion on revenue of €11.3 billion in 2022.

.Net 93
article thumbnail

Jaguar will be an all-electric car brand from 2025

The Verge

UK automaker Jaguar Land Rover (JLR) says its Jaguar luxury brand will be all-electric by 2025. The company had to pay a £35 million (around $48.7 It also plans to share more technology with parent company Tata Motors to reduce development costs. JLR hopes to achieve net zero carbon emissions by 2039. billion (around $3.5

.Net 145
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

DTWS: Telstra eyes having 80% of traffic on 5G by 2025

TM Forum

discussed why the company is accelerating its 5G deployment, how it is addressing the industry-wide skills shortage and why it is working with cloud hyperscalers at. At the same time, it wants to make $500 million of net cost reductions while ensuring Telstra can compete successfully for digital talent. Telstra’s. Partnering.

Network 130
article thumbnail

Amazon’s carbon footprint grew 15% in 2019, highlighting the challenge of net zero emissions

GeekWire

Amazon has pledged to make its retail and cloud-computing operations “net carbon zero” by 2040, but its newly released 2019 sustainability report shows that greenhouse gas emissions rose over the previous year by 15%. This is the first time that the Seattle-based company has issued a sustainability report. grams last year.

.Net 132
article thumbnail

Dell cuts jobs amid growing economic uncertainties

CIO Business Intelligence

In its latest filing, the company said it continued executing cost management measures, “including limiting external hiring, employee reorganizations, and other actions” to align its investments with strategic priorities and customer needs. In 2024 alone, 168 tech companies have collectively laid off 42,324 employees.

Dell 102
article thumbnail

Electric car company Polestar is going public via SPAC

The Verge

Polestar, the Swedish electric car company that is a joint venture between Volvo and Geely, is going public by merging with a special purpose acquisition company, or SPAC. Polestar is the latest EV company — and futuristic transportation company — to go public via a reverse merger with a so-called “blank check” company.

Company 98
article thumbnail

HP’s focus on sustainability runs far and deep

CIO Business Intelligence

However, for IT leaders who play a critical role in helping their businesses move towards net-zero targets, it can be difficult to know where to begin. The company has already made significant strides towards this goal, from reducing waste and minimising its carbon emissions to lowering its water usage and promoting social responsibility.

HP 52