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Wednesday, February 03, 2021

IBM Cuts its Blockchain Team

 Quite a considerable twist.  Big move since their work with HyperLedger we followed

IBM Blockchain Is a Shell of Its Former Self After Revenue Misses, Job Cuts: Sources by Ian Allison, in CoinDesk

“There is not really going to be a blockchain team any longer,” said a person familiar with the situation. IBM has cut its blockchain team down to almost nothing, according to four people familiar with the situation. 

Job losses at IBM (NYSE: IBM) escalated as the company failed to meet its revenue targets for the once-fêted technology by 90% this year, according to one of the sources.

“IBM is doing a major reorganization,” said a source at a startup that has been interviewing former IBM blockchain staffers. “There is not really going to be a blockchain team any longer. Most of the blockchain people at IBM have left.”   ... "

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