Category: Business

BusinessTechnology

SK Telecom’s New AI Division Implements Voluntary Exit Program Following Recent Launch

SK Telecom’s recently launched AI division is implementing a voluntary retirement program for its 1,000 employees. The company describes the move as a supportive measure during organizational integration rather than a downsizing effort. Employees who remain may face reassignments to regional offices as the telecom giant consolidates its AI operations.

Organizational Restructuring at AI Division

SK Telecom, South Korea’s telecommunications leader, is implementing significant changes at its newly established AI division just weeks after its launch, according to reports. The company’s AI CIC (Company-in-Company) unit is offering a voluntary retirement program to employees as part of broader organizational integration efforts, sources indicate.

by Harlow Wesley
BusinessFinance

Activist Investor Pressures Eastern Bankshares to Pursue Sale Over Acquisitions, Sources Say

Activist investor HoldCo Asset Management has reportedly accumulated a significant stake in Eastern Bankshares and is urging the Boston-based financial institution to pursue a sale. Sources indicate the hedge fund is pushing Eastern to consider merging with larger regional banks rather than continuing its acquisition strategy.

Activist Investor Takes Position in Boston Bank

Activist investor HoldCo Asset Management has reportedly built a substantial position in Eastern Bankshares and is pushing the storied Boston financial institution to put itself up for sale rather than continue acquiring other banks, according to people familiar with the matter.

by Owen Holt
BusinessSoftware

SAP Migration Challenges Persist as Legacy Users Grapple with S/4HANA Business Case

More than ten years since S/4HANA’s introduction, the vast majority of SAP’s legacy customers report struggling to build compelling business cases for migration. Research indicates widespread confusion about SAP’s evolving licensing models and support policies, with many enterprises exploring alternative paths forward.

SAP’s S/4HANA Migration Challenge Enters Second Decade

More than a decade after SAP introduced its S/4HANA in-memory ERP system, the vast majority of legacy customers continue to face significant challenges building compelling business cases for migration, according to recent research. Sources indicate that 95 percent of existing users describe constructing a positive case for upgrading as requiring substantial effort or being genuinely challenging.

by Harlow Wesley
BusinessPolicy

U.S. Chamber Challenges $100,000 H-1B Visa Fee in Lawsuit, Citing Business Harm

** The U.S. Chamber of Commerce has filed a lawsuit against the Trump administration over a planned $100,000 fee for H-1B visas, arguing it will harm American businesses. This legal action coincides with a new report indicating that only 40% of U.S. workers hold what are classified as “quality jobs,” adding to concerns about the labor market’s health. **CONTENT:**

U.S. Chamber Sues Over Proposed H-1B Visa Fee Increase

by Harlow Wesley
BusinessTechnology

Apple Secures Exclusive US Formula 1 Broadcasting Rights in Landmark $750 Million Agreement

Apple has reportedly secured exclusive US broadcasting rights for Formula 1 in a landmark five-year agreement valued at approximately $750 million. The deal, set to commence in 2026, will make F1 coverage available to all Apple TV subscribers without additional charges. This represents Apple’s first major foray into inclusive sports broadcasting as part of its standard subscription service.

Tech Giant Makes Historic Move Into Sports Broadcasting

Apple has reportedly secured exclusive broadcasting rights for Formula 1 in the United States through a landmark five-year agreement said to be worth approximately $750 million, according to industry sources. The deal, set to commence in 2026, marks the technology giant’s most significant entry into sports broadcasting to date and represents a substantial increase over previous rights arrangements.

by Owen Holt