IBM to cut 10,000 jobs in Europe, most in UK, Germany: Bloomberg

  • Tech giant IBM plans to cut around 1 in 5 jobs across Europe, sources close to the matter told Bloomberg on Wednesday.
  • About 10,000 jobs face the axe, they said.
  • The UK and Germany will see the most job cuts, the sources said, and roles in its legacy managed-infrastructure IT services business are most at risk.
  • An IBM spokesperson told the publication that its staffing decisions “are made to provide the best support to our customers in adopting an open hybrid cloud platform and AI capabilities.”
  • Visit Business Insider’s homepage for more stories.

Tech giant IBM is planning to cut about 10,000 jobs in Europe, Bloomberg reported Wednesday.

The cuts will affect around 1 in 5 staff in the region, sources close to the matter told the publication.

The UK and Germany will see the most job cuts, but staff in Poland, Slovakia, Italy, and Belgium will also lose their

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BTC May Reach $170,000 By 2022, Bloomberg Strategist Says

KEY POINTS

  • Bitcoin is $2,000 from its previous all-time high
  • Historical data suggests a $170,000 future price for the cryptocurrency 
  • People are viewing Bitcoin as the digital version of gold.

As Bitcoin gets closer to its previous all-time high, an analyst from Bloomberg said he’s bullish on what’s next for the benchmark cryptocurrency’s future price and even predicted a $170,000 price point by 2022.

Bitcoin closed Thursday at $17,821, slightly above the previous day and also a new 2020 high. It’s also the highest it has reached in the last three years. With Bitcoin now just $2,000 away from its previous high of just below $20,000, analyst Mike McGlone from Bloomberg believes the dominant cryptocurrency is not yet finished in its ascent.

McGlone said that since Bitcoin added one in front of its number compared to last year, it will likely add a zero to the back of its number

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Robinhood Eyes IPO in Spring 2021: Bloomberg

Illustration for article titled Stock Trading App Robinhood May Hold an IPO in Just a Few Months

Photo: Jim Watson/AFP (Getty Images)

Stock trading app Robinhood is seeking financial advisers to help it go public as soon as the spring of 2021, Bloomberg reported on Tuesday.

Robinhood is a trading app that makes it simple to play the markets. It’s reportedly surging in usership, thanks in part to the ongoing coronavirus pandemic, which has dramatically stripped opportunities for hobbies or interests that require leaving the home. According to Bloomberg, after a recent fundraising round of $460 million, the company now values itself at around $11.7 billion, claims to have 13 million registered users, and has expanded to gold, crypto, and other financial instruments. Bloomberg writes:

Robinhood’s investors include Sequoia, DST Global, Ribbit Capital, Andreessen Horowitz, Index Ventures. and D1 Capital Partners.

An IPO would follow a huge boom in volume on the platform, with stay-at-home orders during the coronavirus pandemic driving up retail

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Robinhood is lining up advisers for a possible 2021 IPO: Bloomberg

Robinhood may be making the first moves in its long-targeted initial public offering.

The stock-trading startup has asked banks to submit proposals to advise an IPO, Bloomberg news reported Tuesday, citing unnamed sources “with knowledge of the matter.”

According to Bloomberg, the listing could happen as soon as the first quarter of 2021, as an end to the Trump administration soothes anxious investors’ nerves and helps markets slowly return to record highs. Airbnb and DoorDash notably both filed prospectuses this month.

A Robinhood spokesperson declined to comment on the report. It’s also possible plans for an IPO are disrupted.

Preparations to go public aren’t new for Robinhood, and CEO Baiju Bhatt said as early as 2018 that the company was looking towards an eventual IPO. More than two years later, the startup is now worth close to $12 billion following its latest funding round in September.

Read more: Steve Cohen’s

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Nano Dimensions Interview to Air on Bloomberg International on the RedChip Money Report

Sunrise, Florida, Oct. 30, 2020 (GLOBE NEWSWIRE) — Nano Dimension Ltd. (Nasdaq: NNDM), a leading Additively Manufactured Electronics (AME)/PE (Printed Electronics) provider, today announced that an interview with Yoav Stern, President and Chief Executive Officer, will air on The RedChip Money Report television program this Sunday November 1st. The RedChip Money Report airs in 100 million homes on Sundays at 6 p.m. local time in every country in Europe on Bloomberg International. 

In the exclusive interview, Mr. Stern discusses the Company’s technological solutions, growing market demand, and upcoming milestones.

To view the interview segment, please visit: https://youtu.be/JgNmwXxSgtI

“The RedChip Money Report” delivers insightful commentary on small cap investing, interviews with Wall Street analysts, financial book reviews, as well as featured interviews with executives of public companies.

About Nano Dimension

Nano Dimension (Nasdaq: NNDM) is a provider of intelligent machines for the fabrication of

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