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The research lab in China is being closed down. One more global research lab to be closed down in the very near future. This company is on a downward spiral. In an innovation-driven market, what better way to come out ahead than shutting down research efforts. Anyway, a lot of talented people have left research. Most of those that are remaining are not happy. A lot of promising innovative projects don't get the go-ahead from management because they don't see the need for it. Then our competitors come with those features, and then the idiots realized and try to catch up.
even those companies doing well are closing/scaling down their research labs. like Alibaba, Tencent, and Bytedance. Why?
In China? Not sure if there are some regulations/government constraints making companies do this. However, in IBM's case, bad financials are majorly responsible. We will have one more of the global lab closing down pretty soon.
IP and gov is a major concern there