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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
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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
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IT services company Atos plans IBM-style split

CIO Business Intelligence

French multinational IT services company Atos is planning to split in two, much as IBM spun out its legacy-focused managed infrastructure services business to form Kyndryl in November 2021. IBM was still broadly profitable when it split, having made a net profit of $5.7 It’s a Hail Mary move for Atos. Legacy losses.

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IT services company Atos finalizes plan for IBM-style split

CIO Business Intelligence

IT services company Atos has found a buyer for its legacy managed infrastructure services business as it prepares for an IBM-style split between faster- and slower-growing activities. Atos had planned to divide into two publicly listed companies, but on August 1 announced it is taking a different route.

IBM 89
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This startup turns discarded crab shells into useful industrial chemicals

GeekWire

Green chemistry startup Tidal Vision recently acquired the water treatment company Clear Water Services, which has one of its systems deployed at the Port of Seattle. The company was an early customer for Tidal Vision’s cleaning chemicals. The Bellingham, Wash.

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Helijet plans to buy flying taxis from Beta Technologies for all-electric flights in B.C.

GeekWire

The aircraft, popularly known as flying taxis, are currently slated to undergo commercial regulatory certification in 2026 and would be available for commercial service shortly thereafter, Helijet said in a news release. Beta Technologies’ Alia eVTOLs are built to carry a pilot and up to five passengers. . Air Force and the U.S.

.Net 113
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Quantum hardware startup Rigetti Computing to go public in $1.5B SPAC deal with ex-Zillow CEO

GeekWire

The Bay Area-based makers of quantum computers and processors announced Wednesday that it will merge with a SPAC called Supernova Partners Acquisition Company II in a deal that values Rigetti at $1.5 This is the second SPAC deal for the group, which previously acquired real estate company Offerpad and took it public earlier this year.

Hardware 141