10,000 Job Cuts Expected In Europe; UK, Germany Most Affected

KEY POINTS

  • The job cut will affect 20% of the company’s staff members
  • IBM would sell off most of its IT services
  • The company fired thousands of employees in May 

International Business Machines Corp. plans to cut nearly 10,000 jobs in Europe ahead of a broad shift to a hybrid cloud approach. 

The job cuts at IBM will significantly affect the United Kingdom and Germany. Cuts are also planned in Poland, Slovakia, Italy and Belgium. IBM’s wide-ranging losses will affect 20% of staff members managing the daily support function for client data centers and IT support, sources told Bloomberg. 

IBM announced the decision in November during a meeting with European labor representatives, according to a union officer with knowledge of the conversations. 

“Our staffing decisions are made to provide the best support to our customers in adopting an open hybrid cloud platform and AI capabilities,” an IBM spokesman said. “We

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Black Friday camera deals available now: Price cuts on GoPro, Canon, Nikon and Sony

This story is part of Holiday Gift Guide 2020, CNET’s gift picks with expert advice, reviews and recommendations for the latest tech gifts for you and your family.

We’re not seeing a lot of mind-blowing digital camera and action-cam deals heading into Black Friday, but there are a few solid discounts to be had from top brands such as Canon, Nikon, Sony and GoPro. So, if you’re looking for a gift an aspiring photographer or future YouTube sensation, you might find just the ticket on our list of deals. We’ll keep adding to this list as more cameras go on sale for the holiday season. 

Best Buy

If you’re looking for an entry-level dSLR, the Canon T7 kit with two lenses — the EF-S 18-55mm and EF 75-300mm — is a decent value at $500. It’s regularly $600. 

Amazon

Several retailers have

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Coronavirus cuts off travel to total solar eclipse in Chile, Argentina

If it sounds like an otherworldly experience, that’s because it’s sure to be. And it’s one that thousands have eagerly been preparing for leading up to a Dec. 14 total solar eclipse that will track across Chile and Argentina.

But virtually none will be able to go, thanks to the ongoing coronavirus pandemic. Both countries have sealed their borders to international tourism and show no signs of reversing that decision before the once-in-a-lifetime celestial spectacle.

Even veteran eclipse chasers such as Jay Pasachoff, a professor of astronomy at Williams College say this year’s eclipse is far from a routine venture for those even able to go.

“This year is the worst,” Pasachoff said.

He’s one of three people globally to hold the world record for eclipse-chasing, having witnessed 35 total solar eclipses since his first in 1959. That one, which he and fellow classmates in his freshman seminar viewed from

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Apple Black Friday 2020 deals: Up to $69 off latest Apple Watch models now, iPad and AirPods price cuts coming soon

This story is part of Holiday Gift Guide 2020, CNET’s gift picks with expert advice, reviews and recommendations for the latest tech gifts for you and your family.

Here’s a dirty secret about the Apple Store: It’s the worst place to buy Apple products if you want the best deal. That applies to Black Friday or any other day. That means you can already score some great Black Friday and Cyber Monday Apple deals, including the new Apple Watch Series 6, the 2020 (Intel) MacBook Air and Apple’s signature AirPods Pro headphones, so long as you check out competing stores — albeit an authorized Apple retailer — such as Amazon, Target and Walmart.

So, if you’re looking for an early Black Friday deal on an Apple device or accessory, keep reading. We’ll keep track of current prices and how they square up with discounts we’ve seen in the past.

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Black Friday laptop deals: Price cuts on Intel MacBook Air, Gateway, Lenovo ThinkPad and HP Spectre

Like so many others, you’re probably working or studying from home — and realizing your old laptop isn’t up to snuff. Thankfully, there are a bevy of laptops available at the various Black Friday sales popping up at nearly every retailer. You’ll find a whole host of discounted laptops from Amazon, Best Buy, Newegg and Walmart, featuring the hottest brands like HP, Lenovo, Apple, Microsoft and more. We’ve gathered the best Black Friday laptops deals that are available now — and those we know are coming soon. Be sure to check back; we’ll keep this story updated as current sales expire and new deals emerge.

More Black Friday laptop and PC deals

Dan Ackerman/CNET

Important to note: This is not a sale on the new M1 MacBook Air, which showed impressive results in our first round of tests. This is the Intel-based Air that was introduced back in

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Investors finally reward General Motors’ shift to EVs even as it cuts emerging mobility plans

  • As GM profitably navigates the coronavirus pandemic, Wall Street is paying more attention to its EV operations.
  • GM has discontinued several “mobility” initiatives such as Maven and e-bikes to better concentrate on more profitable or lucrative operations.
  • Many of the initiatives were launched in an effort to spur GM’s lagging stock price and position it as a “mobility” company.

General Motors CEO on third-quarter earnings, rise in demand for trucks and more

UP NEXT

UP NEXT

As ride-hailing companies Uber and Lyft rose to popularity and e-scooters popped up across major U.S. cities earlier this decade, industry analysts predicted the beginning of the end of car ownership.

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That meant “traditional” automakers such as General Motors would have to evolve or die.

In an effort to spur its lagging stock price and combat such exaggerated claims, GM made a series of investments beginning in 2016 that executives believed

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Black Friday 2020 Apple deals: $49 off latest Apple Watch models now, iPad and AirPods price cuts coming soon

This story is part of Holiday Gift Guide 2020, CNET’s gift picks with expert advice, reviews and recommendations for the latest tech gifts for you and your family.

Here’s a dirty secret about the Apple Store: It’s the worst place to buy Apple products if you want the best deal. Whether it’s Black Friday or any other day. That means you can score some great deals on Apple products, including the new Apple Watch Series 6, the 2020 (Intel) MacBook Air and Apple’s signature AirPods Pro headphones, so long as you check out competing stores (albeit authorized Apple retailers) like Amazon, Target and Walmart. Below, we’ll keep track of current prices and how they square up with discounts we’ve seen in the past. 

César Salza/CNET

The latest Apple Watch with even more features is now on sale. In addition to an always-on display

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Apple cuts commissions: Industry reacts, regulators watch

As regulators watch closely, Apple announced today it would cut its App Store commission for small businesses, taking its cut down from an industry standard 30% to 15% for those app and game developers who make less than $1 million a year.

The move could earn Apple points from small app makers who are hurting during the pandemic. But its critics were quick to point out that it wasn’t a big concession or one that would cost the tech giant much money.

Epic Games CEO Tim Sweeney is suing Apple for antitrust violations and has said that Apple’s 30% take is excessive.

“This would be something to celebrate were it not a calculated move by Apple to divide app creators and preserve their monopoly on stores and payments, again breaking the promise of treating all developers equally,” Sweeney said in a statement to GamesBeat. “By giving special 15% terms to

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Best Amazon Black Friday 2020 deals you can get now: AirPods Pro, Beats Solo 3, Apple Watch, cheap TVs, SanDisk price cuts

This story is part of Holiday Gift Guide 2020, CNET’s gift picks with expert advice, reviews and recommendations for the latest tech gifts for you and your family.

Black Friday is still a ways off, and… oh, wait, no it isn’t. Actually, it turns out that Black Friday now encompasses the entire month of November — there’s a Black Friday deal pretty much anywhere you look. 

As usual, Amazon is in on the Black Friday action, even though Prime Day was just a month ago. Now they’re posting early deals and their Black Friday sale has a lot of tempting offers as you shop for this holiday season. Sure, there are a few sales still cued up for Nov. 27, aka the day after Thanksgiving, but there’s plenty of deal action happening across all retailers right now. Examples:

Earlier this month, Amazon upped the ante by offering deep, Prime

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Lloyds Cuts 730 More Tech, Retail Jobs as Restructuring Deepens

(Bloomberg) — Lloyds Banking Group Plc is cutting about 730 more jobs, mostly at its technology and retail units, as the British lender executes a restructuring plan that was paused by the pandemic.



a group of people walking in front of a brick building: People adopt social distancing rules while lining up for an M&S Food store, operated by Marks & Spencer Group Plc, outside a branch of Lloyds Banking Group Plc, in London, U.K., on Friday, March 27, 2020. U.K. house sales are set to plunge by 60% in the next three months as the coronavirus outbreak batters the economy.


© Bloomberg
People adopt social distancing rules while lining up for an M&S Food store, operated by Marks & Spencer Group Plc, outside a branch of Lloyds Banking Group Plc, in London, U.K., on Friday, March 27, 2020. U.K. house sales are set to plunge by 60% in the next three months as the coronavirus outbreak batters the economy.

Most of the affected staff won’t leave until January, the London-based bank said Wednesday. While the bank is creating more than 300 new positions, more than 1,000 roles are being eliminated.

Chief Executive Officer Antonio Horta-Osorio resumed his job-cutting program in September, taking the ax to the bank’s wealth and insurance division. British banks face headwinds ranging from

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