IBM says 15 contracts impacted by DOGE cost cuts, shares drop
(yahoo.com)
International Business Machines (IBM) said 15 of its government contracts were shelved under a cost-cutting drive by the Trump administration, a setback that eclipsed its upbeat revenue forecast and dragged its shares down over 8% on Thursday in premarket trading.
International Business Machines (IBM) said 15 of its government contracts were shelved under a cost-cutting drive by the Trump administration, a setback that eclipsed its upbeat revenue forecast and dragged its shares down over 8% on Thursday in premarket trading.