Layoffs that Intel announced last summer got underway in earnest this week as the company works to cut 15,000 jobs across its business, the biggest downsizing in its five-decade history.
With its sales flagging, and its technology falling behind competitors’, Intel wants to shave $10 billion in expenses next year while it mounts a slow-moving turnaround effort. The company’s revenues have fallen by nearly a third since 2021 and Intel — until recently the world’s largest chipmaker — has been virtually shut out of the booming market for advanced artificial intelligence.
The BBC has announced its latest round of job cuts, involving a net reduction of 130 roles across news and current affairs departments, as part of a wider cost-
Three in four workers would rather take pay cuts and reduced PTO than be restricted with their work ... [+] locationgetty Imagine what it would be like to star
Bandai Namco might be another game company to cut costs amid the turmoil in the games market. The Japanese publisher is said to have been pressuring work
Boeing received a $10 billion bank credit line with “several big banks” and is expected to siphon off as much as $25 billion in st