Intel Corporation is currently in a very unfavorable financial environment as its well-being on the customer side is being eroded by low demand for products due to product surpluses created during the pandemic and attempts to catch up with...
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Microsoft-owned social networking and networking site LinkedIn has announced plans to lay off 716 employees and shut down InCareers, a job search app targeted at Chinese users, amid faltering demand. Image source: QuinceCreative/pixabay.com With...
IBM CEO Arvind Krishna announced the company’s intention to suspend hiring for a number of positions at the company. Artificial intelligence is expected to successfully cope with many tasks in the coming years. In particular, this involved...
Dropbox, one of the biggest players in the cloud storage market, announced last month that it would cut its workforce by 16%. The company has now announced plans to close its research center in Israel and completely restrict business in the country...
On Wednesday Meta* Platforms have launched another round of layoffs – this time it’s mainly affecting employees in technical positions. Company boss Mark Zuckerberg announced the preparation of this measure in March. Image Credit: Mark...
Electronic Arts announced about cuts that will affect 6% of the workforce. CEO Andrew Wilson (Andrew Wilson) combined this measure with the intention to revise the investment strategy and reduce office space. Image source: ea.com “By focusing more...
company meta* lay off another 10,000 employees in the coming months. In addition, 5,000 current vacancies will be filled. About it on Facebook* said the head of the company Mark Zuckerberg (Mark Zuckerberg). Recall that in November the company has...
Microsoft will lay off 689 employees at the company’s Redmond headquarters and nearby offices as part of another round of layoffs, according to data from the Washington State Department of Employment Guarantee (USA) released Monday. Image...
edition The information tries to keep the count by discussing another wave of Twitter staff cuts. According to the source, Elon Musk’s company recently let go of around 50 employees who were responsible for the technical support of advertising...
In January, Intel posted one of its worst financial quarters in years, but has tried to keep investor confidence up by keeping its dividend steady at $0.365 per share. But today, the company cut its dividend to $0.125 per share as part of a massive...
Last November, after laying off about two-thirds of Twitter employees, Elon Musk announced to the remaining employees that the cuts were over. Now it has become known that the billionaire is continuing to cut staff despite this statement. Image...
Things have turned out worse for Micron than previously mentioned. In December 2022, the memory chip maker announced it would cut its workforce by 10%. At that time around 49,000 people worked for the company worldwide. How write TechPowerUpin an...
Elon Musk, who bought Twitter in late October, has already established himself as a fierce opponent of remote work, but his decisions regarding the social network’s Indian employees contradict that concept. According to information...
Many big tech companies have suffered massive layoffs in recent months, including Google and Meta*, Amazon and Microsoft. Although the social network LinkedIn is owned by Microsoft, it has not been affected by layoffs until recently. However, now is...
Yahoo announced last night that it intends to cut 20% of its workforce. The company was forced to take this step as part of a large-scale restructuring of its advertising technology division. Image source: yahooinc.com By the end of this year, the...
Since November 2022, Twitter has laid off several thousand employees after falling under Elon Musk’s control. Some of them complain about the non-compliance with the reduction procedure and the lack of adequate cash payments. Their claims...
As part of an efficiency improvement program, Meta* Platforms has approached employees in managerial and directorial positions with proposals to return to their direct work responsibilities or to resign. Bloomberg reports, citing its own source...
Zoom, the video conferencing service of the same name, is reducing its workforce by 15%. About 1,300 people will lose their jobs. This was announced in a company open letter posted by its CEO Eric Yuan on the company’s blog. Image source: Zoom...
In October last year, US authorities banned the shipment to China of devices that enable the manufacture of 3D NAND solid-state memory with more than 128 layers, and these sanctions were clearly aimed at the leading Chinese industry YMTC, which...
Google announced last week that it would lay off 12,000 employees, about 6% of the company’s workforce. Of that, 1845 workers will be cut just in Google’s “native” US state of California, which means he takes on 15% of all...
