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Dell Technologies Implements Workforce Reduction Amid CostCutting Initiative

To save costs, Dell Technologies announced a decrease in staff, which included internal reorganisations and restrictions on hiring from outside. As of

To save costs, Dell Technologies announced a decrease in staff, which included internal reorganisations and restrictions on hiring from outside. As of February 2, 2024, the firm employed around 120,000 people, down from approximately 126,000 a year earlier. This action comes after a reduction in sales, with fourthquarter results reporting an 11% decline, partly due to a nearly twoyear period of weak demand for personal computers. Despite obstacles, Dell expects net sales growth for its Client Solutions Division CSG, which includes PCs, throughout the year. It does, however, anticipate higher input costs and an ongoing decline in net revenue for other businesses as a result of the modifications to its business arrangement with VMware. Dell trimmed 6,650 positions last year in preparation for a potential recession and declining PC demand. Read More..

B2B Tech News | 3 months ago      

Chinas Cyberspace Regulator Issues New Rules on CrossBorder Data Flow

To facilitate and regulate crossborder data flow, Chinas cyberspace authority has released new regulations that clarify the reporting requirements for

To facilitate and regulate crossborder data flow, Chinas cyberspace authority has released new regulations that clarify the reporting requirements for security assessments of significant data exports. According to the Chinese Cyberspace Administration, information gathered from operations such as crossborder transit and international trade that does not include personal or "important data" will not need to be declared. Although there are still difficulties for multinational organisations working in sensitive industries, this decision is perceived as a relief for international companies operating in China. The regulations, which take effect immediately, expand on earlier leniencies suggested in September and address issues brought up by Chinese and international businesses. The laws also establish a "negative list system" for free trade pilot zones, allowing them to choose which data is submitted to an independent security review. These actions seek to provide more clarity while adjusti Read More..

B2B Tech News | 3 months ago      

HCLTech Partners with CrowdStrike to Enhance Managed Detection and Response Solutions

The two companies have partnered strategically to support HCLTechs Managed Detection and Response MDR solutions with CrowdStrikes AInative Falcon XDR

The two companies have partnered strategically to support HCLTechs Managed Detection and Response MDR solutions with CrowdStrikes AInative Falcon XDR platform. Through the partnership, HCLTech will have access to the full range of Falcon platform capabilities, allowing them to help enterprises alter their cybersecurity in several areas, including device, identity, cloud, data, nextgeneration SIEM, and more. The alliance tackles the urgent need for AInative technology combined with managed security services to minimise risks as cyberattacks become more sophisticated and effective. Integrating HCLTechs MDR proficiency with CrowdStrikes industryleading Falcon platform offers clients a resilient defence system against contemporary cyberattacks. HCLTechs Executive Vice President Amit Jain underlined the companys dedication to strengthening cybersecurity postures. At the same time, CrowdStrikes Chief Business Officer Daniel Bernard highlighted the partnerships potential to extend the Falcon Read More..

B2B Tech News | 3 months ago      

Salesforce and AU Small Finance Bank Collaborate on Digital Customer Onboarding Solution

To highlight AU SFBs dedication to technology and improving customer service, Salesforce and AU Small Finance Bank AU SFB have teamed up to implement

To highlight AU SFBs dedication to technology and improving customer service, Salesforce and AU Small Finance Bank AU SFB have teamed up to implement a digital customer onboarding solution for car loan clients. Using Salesforces capabilities, AU SFB hopes to improve data validation, decrease manual data entry, and simplify operations to give staff and consumers a smooth experience. The partnership aims to speed up Turnaround Time TAT, enable client acquisition through digital channels, and combine the customer experience into a single platform. Furthermore, enhanced reporting functionalities would streamline credit assessment and documentation validation, enabling a seamless shift to paperless procedures. Head of Retail Assets at AU Small Finance Bank Bhaskar Karkera stressed the importance of collaboration in improving customer satisfaction and productivity. Arun Kumar Parameswaran, Managing Director – Sales, Salesforce India, highlighted the importance of trust and digitization in Read More..

B2B Tech News | 3 months ago      

Schneider Electric Expands Operations with New Cooling Factory in Bangalore

Schneider Electric has demonstrated its dedication to satisfying Indias growing need for data centre solutions by opening a new cooling facility in Ba

Schneider Electric has demonstrated its dedication to satisfying Indias growing need for data centre solutions by opening a new cooling facility in Bangalore. The plant, which would get an investment of Rs 100 Crores, will mainly concentrate on creating cuttingedge cooling solutions for telecom, commercial, industrial, and data centre applications. These solutions include airhandling devices, highefficiency chillers, and sophisticated row cooling systems. The Secure Power Division & Data Centre Business EVP of Schneider Electric, Pankaj Sharma, emphasised the need for effective cooling solutions to tackle the data centre sectors issues, especially energy volatility. Zone President for Greater India, Deepak Sharma, stressed the importance of the new facility in advancing Indias technical growth and selfreliance goal. Sachin Bhalla, VP of Schneider Electric Secure Power Division, highlighted the unprecedented growth of the data centre industry in India and the companys commitment to fost Read More..

B2B Tech News | 3 months ago      

U.S. and UK Accuse China of DecadeLong Cyberespionage Campaign

APT31, a group allegedly connected to Chinas Ministry of State Security, is alleged to have carried out a broad cyberespionage operation, according to

APT31, a group allegedly connected to Chinas Ministry of State Security, is alleged to have carried out a broad cyberespionage operation, according to accusations made by American and British authorities, who have also levied penalties against China. The targets were lawmakers, public servants, defence contractors, and dissidents. The effort lasted more than ten years to acquire trade secrets, undermine institutions, and stifle opponents. The United States and Britain placed sanctions on Wuhan Xiaoruizhi Science & Technology and two Chinese people even though Chinese diplomats refuted the accusations. The increase highlights the growing tensions between Beijing and Western countries over cyberespionage, as both sides accuse one another of hacking. The indictment also named specific incidents of targeting, including a 2020 U.S. presidential campaign and an American company implicated in public opinion research during the 2018 midterm election. Read More..

B2B Tech News | 3 months ago      

Airbus Secures Major Orders from Japanese and South Korean Airlines, Dealing Blow to Boeing

Japan Airlines JAL and Korean Air, two major Asian clients, placed big contracts with Airbus for 65 aircraft, striking a blow to Boeing during its man

Japan Airlines JAL and Korean Air, two major Asian clients, placed big contracts with Airbus for 65 aircraft, striking a blow to Boeing during its manufacturing problems. JAL has placed its first order for smaller singleaisle jets from Airbus, announcing intentions to buy 21 widebody A350900 and 11 narrowbody A321neo aircraft. Meanwhile, as part of its longterm fleet planning, Korean Air announced a $13.7 billion commitment to buy 33 A350s, its first acquisition of this aircraft family. The substantial orders resulted from Airbuss growing market share in the singleaisle segment and Boeings continuous struggles. In the face of worldwide aircraft scarcity, both Asian carriers noted the need for newer, more efficient aircraft to satisfy sustainability goals and increased demand. Read More..

B2B Tech News | 3 months ago      

Swiss National Bank SNB Surprises Markets with First Rate Cut in Nine Years

The primary interest rate of the Swiss National Bank SNB dropped by 25 basis points to 1.50%, surprising the markets with the banks first rate reducti

The primary interest rate of the Swiss National Bank SNB dropped by 25 basis points to 1.50%, surprising the markets with the banks first rate reduction in nine years. The decline in Swiss inflation and the strengthening of the Swiss currency drove this decision, the first of its kind by a major central bank to reverse stricter monetary policies intended to combat inflation. The efficacy of previous measures to combat inflation was underlined by SNB Chairman Thomas Jordan, who noted the banks latest inflation estimates, which predict inflation would stay within the target range of 02%. Given the SNBs history of prudence, analysts consider the rate drop a daring move and anticipate such reductions. The decision contrasts with recent moves by other central banks, including the Bank of Japans interest rate hike and rate hikes by central banks in Taiwan and Turkey. Read More..

B2B Tech News | 3 months ago