Bulletins

Jim Whitehurst and Bridget van Kralingen are out in an IBM leadership shakeup

Jim Whitehurst

Jim Whitehurst is stepping down as president of IBM.

Image: David Paul Morris/Bloomberg via Getty Images

IBM President Jim Whitehurst is stepping down from the No. 2 leadership position at the company less than three years after IBM acquired his former company, in just one of several leadership changes announced Friday.


Bridget van Kralingen, senior vice president of global markets, will also leave the company, said IBM CEO Arvind Krishna in a press release right before the three-day holiday weekend. Rob Thomas, who has led IBM's Watson initiative in the past, will become the new senior vice president of global markets.

Whitehurst became president of IBM in early 2020 after Krishna was elevated to the CEO position. IBM spent $34 billion to acquire Red Hat in a deal that closed in 2019, an attempt to position itself as a hybrid cloud vendor after failed attempts to build a public cloud business and compete with the likes of AWS, Microsoft and Google Cloud.

But the company has struggled to grow in the years since the deal closed. IBM recently announced that it would spin off its IT consulting business into a new company called Kyndryl, a move seen by many as a cost-cutting measure.

Whitehurst's bio had already disappeared from IBM's website as of Friday morning. Investors sent IBM's stock down almost 5% on the news.

Latest Bulletins

Hank Green doesn’t think creators on TikTok are getting paid well enough, and he doesn’t think the majority of the people on TikTok even realize it, the vlogger explained in a YouTube video on Thursday.

Keep Reading Show less

Robinhood said it has started rolling out its much-awaited crypto wallets in a move that’s expected to boost its reach in the fast-growing market.

Keep Reading Show less

IBM announced today that it has sold its Watson Health data and analytics assets to private equity firm Francisco Partners. The highly anticipated sell-off includes data sets and analytics products such as Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex and imaging software offerings.

Keep Reading Show less

Intel plans to invest $20 billion in building out a chip manufacturing mega site outside of Columbus, Ohio, the company said Friday, a project it said would create 3,000 permanent jobs in the region. "Intel’s actions will help build a more resilient supply chain and ensure reliable access to advanced semiconductors for years to come," Intel CEO Pat Gelsinger said in a statement.

Keep Reading Show less

Twitter's new CEO has continued to shake up company leadership, announcing Wednesday that both Rinki Sethi and Peiter Zatko — better known as Mudge — would leave their roles as chief information security officer and head of Security, respectively.

Keep Reading Show less

Twitter announced Thursday that some Twitter Blue subscribers can now use one of their NFTs as their profile photo, as long as they're willing to connect their crypto wallet to their Twitter account.

Keep Reading Show less

A Tesla employee at the company's Fremont factory died on Wednesday while working on its production line.

Keep Reading Show less

Microsoft's purchase of Activision Blizzard this week has proven to be among the most consequential acquisition announcements in the history of the game industry, and it's proved equally controversial when considering what it means for big game franchises like Call of Duty. Now, Xbox chief Phil Spencer, CEO of the newly formed Microsoft Gaming division, has come out with a public statement affirming Microsoft's position on multi-platform support for the shooter series, though with a fair amount of ambiguity thrown in.

Keep Reading Show less

The Federal Reserve released a long-awaited review of the potential for creating a central bank digital currency Thursday, after months of delays. Ahead of making a decision, the Fed has asked the public to submit answers on 22 questions posed in the report.

Keep Reading Show less

TikTok ousted its Nick Tran, its global head of marketing, The Information reported. The reason for his departure was not made clear.

Keep Reading Show less

Know someone in the market for a few hundred boxes of alcohol wipes, thousands of bottles of hand sanitizer or some bulletproof glass partitions? Meta is selling all this and more at its Menlo Park headquarters in an auction closing Thursday. (What, the company didn't think it could move it on Facebook Marketplace?)

Keep Reading Show less

New York City Mayor Eric Adams will receive his first paycheck in bitcoin and ethereum, highlighting his bid to turn the Big Apple into a major crypto hub.

Keep Reading Show less

The game industry as a whole is slowly but surely beginning to call for systemic change to business practices and workplace culture norms, and developers are now more than ever before looking at unionization as the tool for doing so, according to a new survey.

Keep Reading Show less

Amazon is digging deeper into the physical storefront. The tech giant is opening a real-world clothing store called Amazon Style in Los Angeles later this year, the company announced Thursday.

Keep Reading Show less

Shanghai’s municipal government on Wednesday announced new policies meant to bolster China’s advanced chipmaking capabilities.

Keep Reading Show less

Google is testing the waters with bitcoin as cryptocurrency starts to become more widely adopted.

The tech giant is enabling digital cards that store cryptocurrencies to be used on Google Pay, through partnerships with Coinbase, BitPay and Gemini, the company said. The news was earlier reported by Bloomberg.

Keep Reading Show less

After shutting down withdrawals due to suspicious activity, Crypto.com CEO Kris Marszalek confirmed to Bloomberg that the exchanged experienced a security breach affecting 400 accounts on Tuesday.

Keep Reading Show less

Instagram is trying out a new way for creators to get paid. Following in the footsteps of Twitter's nascent "Super Follow" feature, Instagram is testing creator subscriptions, allowing a select few to offer followers paid access to exclusive content.

Keep Reading Show less

The exclusive maker of the machines used to fabricate the world’s most advanced chips gave us a bit of rare good news about the global shortage of microprocessors Wednesday.

Keep Reading Show less

In her first TV interview since becoming chair of the Federal Trade Commission, Lina Khan had a message for business executives who think their money, lawyers and lobbyists will shield them from antitrust scrutiny: "Enforcers are not gonna back down."

Keep Reading Show less

Revolut is rolling out commission-free stock trading in the U.S., highlighting the U.K. mobile banking company’s bid to become a “global financial super app.” The move is also a direct challenge to major online brokerages led by Robinhood. Shares of Robinhood slipped 2% in late morning trading.

Keep Reading Show less

Activision Blizzard has been embroiled in a sexism and workplace discrimination crisis for the past six months, the effects of which directly led to the announcement on Tuesday that Microsoft plans to buy the publisher for a record-breaking $68.7 billion, according to a report from The Wall Street Journal.

Keep Reading Show less

Snapchat announced in a Tuesday blog post that it would be changing its “Quick Add” feature to make it harder for users to befriend people under 18. The company said that this will make it more difficult for drug dealers to seek out adolescent buyers.

Keep Reading Show less

Vishal Garg, the Better.com CEO who took a break after firing hundreds of workers during a virtual town hall, was reinstated, according to a company email that was obtained by The New York Times.

Keep Reading Show less

Podcasting has long been hailed as the ideal medium for emerging content creators looking to find an audience online. TuneIn CEO Richard Stern believes that this is no longer true. “Podcasting disproportionately benefits Top 10 hits, celebrities, brands that people recognize,” Stern recently told Protocol.

Keep Reading Show less
Bulletins