News Digest: IBM to cut 5,000 jobs in India: Sources

		THE TIMES OF INDIA
		Wednesday, May 17, 2017
		Today's Headlines

		Technology
		IBM to cut 5,000 jobs in India: Sources IBM did not confirm the number of employees who will be affected but said that "re-skilling and rebalancing is an ongoing process as we accelerate the benefits of cloud technologies for clients." Nikhil Vora gets Rs 150 crore from Alibaba for his Paytm stake Vora, who quit IDFC Securities in 2014 to set up investment firm Sixth Sense Ventures, continues to hold shares in Paytm E-commerce, which was demerged from One97 Communications this year. Ransomware WannaCry: Why ATMs in India may be actually safe There is speculation that only one or two small banks in South India may have been affected and that the magnitude of the damage may not be much. More Technology News»

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