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Monday, March 22nd, 2021
Time |
Event |
6:00p |
Box Explores Sale Amid Pressure from Starboard U.S. cloud services provide Box is exploring a sale amid pressure from hedge fund Starboard Value over its stock performance, Reuters citing people familiar with the matter. From the report: Redwood City, California-based Box has discussed a potential deal with interested buyers, including other companies and private equity firms, the sources said, cautioning that no sale of the company is certain. Reuters reported last month that Starboard was preparing to launch a board challenge against Box unless it took steps to boost value for shareholders. It has privately expressed disappointment that the company has failed to capitalize on the work-from-home trend during the COVID-19 pandemic, as many of its cloud computing peers have done. Read more of this story at Slashdot. | 11:00p |
British Army To Be Reduced By About 10,000 Soldiers As Part of Move Towards Robots, Drones, and Cyber Warfare An anonymous reader quotes a report from the BBC: The size of the Army is to be reduced to 72,500 soldiers by 2025 as part of a move towards drones and cyber warfare. Defence Secretary Ben Wallace said "increased deployability and technological advantage" meant greater effect could be delivered by fewer people. He set out plans for new capabilities such as electronic warfare and drones in a command paper in the Commons. Labour has warned that "size matters" when it comes to defence.
Announcing a major overhaul of the armed forces, Mr Wallace said it marked a shift from "mass mobilization to information age speed," insisting they must be able to "seek out and understand" new threats to the country's security. A cut to the size of the Army had been anticipated -- with a reduction of 10,000 widely trailed. What Defence Secretary Ben Wallace announced was a cut to the target for the number of fully trained people in the Army, from 82,040 today to 72,500 in 2025. The changes set out in the paper -- titled Defence in a Competitive Age -- include 3 billion pounds for new vehicles, long-range rocket systems, drones, electronic warfare and cyber capabilities. The UK is putting more resources into cyber warfare via the creation of the National Cyber Force based in the North West of England. It's also putting more resources ($6.6 billion for research and development) into space that may function similarly to the U.S. Space Force.
Read more of this story at Slashdot. |
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