Intel Layoffs: Tech Firm Plans To Fire Thousands Of Employees, Says Report
5 months, 1 week ago

Intel Layoffs: Tech Firm Plans To Fire Thousands Of Employees, Says Report

ABP News  

Intel Layoffs: Intel reportedly plans to cut thousands of jobs as part of a cost-cutting strategy to support the critical initiative of recovering from recent earnings declines and market share losses. Intel’s Chief Executive Officer Pat Gelsinger is investing heavily in research and development to improve the firm’s technology and restore its leading position in the semiconductor industry. Under Gelsinger's predecessors, the company’s previous dominance faded as competitors like Advanced Micro Devices Inc. gained ground and captured market share. In 2023, Intel reduced its workforce by about 5 per cent, bringing it to 124,800 by year’s end, following job cut announcements starting in October 2022.

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History of this topic

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More
3 weeks, 6 days ago

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More

ABP News  

Major Layoffs In 2024: Layoffs have been the talk of the town for the whole of 2024; big firms and small start-ups across the sector and worldwide have announced layoffs this year, leaving employees in a difficult situation. Siemens Layoffs German tech giant Siemens also said that it is considering cutting up to 5,000 jobs globally in its factory automation …

Intel CEO’s sudden exit: Pat Gelsinger to get $12 million as payout, firm’s regulatory filing shows
1 month, 1 week ago

Intel CEO’s sudden exit: Pat Gelsinger to get $12 million as payout, firm’s regulatory filing shows

Live Mint  

Pat Gelsinger, who recently resigned as CEO from the struggling US chipmaker Intel Corp, could get as much as $12 million as payout, the company’s regulatory filing showed on Tuesday. The severance payment would include $1.9 million as base salary for 18 months and 1.5 times his target bonus of $3.4 million, payable over 18 months, said the company. Two …

Intel CEO Pat Gelsinger's Exit Creates Room For Fresh Deal Discussions
Trending News
1 month, 1 week ago

Intel CEO Pat Gelsinger's Exit Creates Room For Fresh Deal Discussions

ABP News  

The sudden departure of Intel CEO Pat Gelsinger expected present a new opportunity for the struggling company to explore potential deal options, including those he previously dismissed during his tenure leading the chipmaker. However, Gelsinger opposed the idea of breaking up the company, focusing instead on his strategy to restore Intel's technological leadership and transform it into a contract manufacturer …

Layoffs Bloodbath In Big Tech Impacts 150,000 Jobs In 2024 As Industry Suffers: Report
1 month, 1 week ago

Layoffs Bloodbath In Big Tech Impacts 150,000 Jobs In 2024 As Industry Suffers: Report

ABP News  

The tech industry in 2024 has undergone a major wave of layoffs, with big players in the sector trimming their workforces to streamline their operations. About 150,000 employees have lost their jobs across major firms such as Tesla, Cisco, Microsoft, SAP, and Intel, a report by The Times of India revealed. Intel The tech giant announced that it will trim …

Intel’s surprising move: Free coffee and tea return after massive cost-cutting
2 months ago

Intel’s surprising move: Free coffee and tea return after massive cost-cutting

Live Mint  

Intel has announced the return of free coffee and tea at its work sites, reinstating a benefit that was cut last summer as part of the company's efforts to reduce its annual budget by $10 billion, according to an Oregonian report. In a message shared with employees via its internal platform, Circuit, Intel reportedly acknowledged the continued financial challenges but …

After firing 15,000 employees, Intel brings back free coffee, tea to boost morale
2 months ago

After firing 15,000 employees, Intel brings back free coffee, tea to boost morale

Hindustan Times  

Intel is planning to bring back free coffee and tea for its staff after several employee perks were slashed as part of cost-cutting efforts during this year. In August, Intel announced that 15,000 workers will be cut from the company either through voluntary separation agreements and layoffs. In August, it announced that 15,000 workers will be cut from the company …

Tech Layoffs 2024 continue as Mozilla, X and Samsung announce fresh round of job cuts
2 months ago

Tech Layoffs 2024 continue as Mozilla, X and Samsung announce fresh round of job cuts

India Today  

As we near the close of 2024, the wave of layoffs in the tech industry shows no sign of slowing down. Following the mass job cuts announced in 2022 and 2023, tech companies have continued to announce additional layoffs throughout this year amid economic pressures, shifting strategies, and the impact of technological advancements like AI. According to Mozilla, the layoffs …

27,000 techies laid off across the globe in August, highest since January 2024
4 months ago

27,000 techies laid off across the globe in August, highest since January 2024

Deccan Chronicle  

Hyderabad: The layoffs in tech companies has witnessed a surge in August, since January 2024. On August 1, Intel CEO Pat Gelsinger announced plans to cut around 15,000 jobs, representing 15% of its workforce. German chipmaker Infineon announced on August 5 that it would cut 1,400 jobs globally, with an additional 1,400 positions being relocated to countries with lower labor …

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details
4 months, 1 week ago

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details

ABP News  

The tech industry experienced a major increase in layoffs in August 2024, reaching its highest level of job cuts since January of this year. The surge in layoffs is primarily attributed to substantial reductions at prominent industry leaders like Intel and Cisco, which contributed significantly to the overall increase in job losses. Intel Layoffs Intel spearheaded the wave of layoffs …

Intel CEO to pitch board on plans to shed assets, cut costs, source says
4 months, 1 week ago

Intel CEO to pitch board on plans to shed assets, cut costs, source says

The Hindu  

Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecessary businesses and revamp capital spending, according to a source familiar with the matter, as they try to revive the once-dominant chipmaker's fortunes. The plan will include ideas on how to shave overall costs by …

Intel May Impose Mandatory Layoffs On Over 700 Employees In This Region Without Severance; Check Details
4 months, 1 week ago

Intel May Impose Mandatory Layoffs On Over 700 Employees In This Region Without Severance; Check Details

ABP News  

Intel Layoffs: Intel employees in Ireland are likely to face mandatory layoffs as the company’s voluntary severance program nears its end, according to internal documents accessed by the Irish news outlet Business Post. An internal memo reviewed by the outlet indicates that Intel will evaluate voluntary severance applications according to "business priorities," which means some employees who have applied for …

Layoffs Impact At Least 8,000 Individuals In India In 2024 As Firms Cut Down Jobs To Reduce Costs
4 months, 3 weeks ago

Layoffs Impact At Least 8,000 Individuals In India In 2024 As Firms Cut Down Jobs To Reduce Costs

ABP News  

Recent data revealed that 32 companies in India have cut down jobs for at least 8,000 people in India till August in the year so far. Layoffs.fyi, a start-up that tracks layoffs across the tech industry globally, found that the highest number of layoffs in the country came from Paytm which announced a job cut for at least 3,500 employees …

Intel lays off 15,000 employees. CEO says ‘painful but more tough days ahead’
5 months, 1 week ago

Intel lays off 15,000 employees. CEO says ‘painful but more tough days ahead’

Hindustan Times  

Intel CEO Pat Gelsinger informed employees that the company is cutting jobs in order to save money and reduce costs. Intel will announce a enhanced retirement offering for eligible employees and offer an application program for voluntary departures next week. This is an incredibly hard day for Intel as we are making some of the most consequential changes in our …

Intel Layoffs: Chipmaker To Fire Over 15,000 Employees Amid Cost Cutting Measures
5 months, 1 week ago

Intel Layoffs: Chipmaker To Fire Over 15,000 Employees Amid Cost Cutting Measures

ABP News  

Intel Layoffs: The tech firm Intel will be laying off over 15,000 employees in an effort to overcome the losses the company has been experiencing. Additionally, it will reduce capital expenditures by over 20 per cent this year, restructure operations to eliminate non-essential activities, and review all ongoing projects and equipment to ensure spending remains in check. In the press …

Chipmaker Intel to cut 15,000 jobs as it tries to revive its business and compete with rivals
5 months, 1 week ago

Chipmaker Intel to cut 15,000 jobs as it tries to revive its business and compete with rivals

LA Times  

Intel, based in Santa Clara, Calif., is also suspending its stock dividend as part of a broader plan to cut costs. “Simply put, we must align our cost structure with our new operating model and fundamentally change the way we operate,” he wrote in the memo published on Intel’s website. “Intel’s announcement of a significant cost-cutting plan including layoffs may …

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals
5 months, 1 week ago

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals

Associated Press  

Chipmaker Intel says it is cutting 15% of its huge workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. “Intel’s announcement of a significant cost-cutting plan including layoffs may bolster its near-term financials, but this move alone is insufficient to redefine its position in the …

Intel plans to cut thousands of jobs to finance recovery: Report
5 months, 1 week ago

Intel plans to cut thousands of jobs to finance recovery: Report

The Hindu  

Intel plans to cut thousands of jobs to finance a recovery and cope with eroding market share, Bloomberg News reported on Tuesday, citing people familiar with the matter. CEO Pat Gelsinger has initiated a turnaround to regain the company's competitive edge, focusing on revitalizing its manufacturing capabilities, investing in advanced chip technologies, and expanding into new markets. In October 2022, …

Salesforce Layoffs: Firm Fires About 300 Employees Amid Restructuring, Says Report
5 months, 3 weeks ago

Salesforce Layoffs: Firm Fires About 300 Employees Amid Restructuring, Says Report

ABP News  

Salesforce Layoffs: Salesforce has reportedly laid off about 300 employees as part of a larger initiative to optimise operations, highlighting the tech industry's ongoing emphasis on cost management. Although constituting a small fraction of the company's overall workforce, these job cuts are the most recent illustration of the tech industry's efforts to manage costs after years of extensive hiring. Intuit …

Silent layoffs in Indian IT sector affect over 20,000 techies: Which companies cut most jobs?
7 months, 1 week ago

Silent layoffs in Indian IT sector affect over 20,000 techies: Which companies cut most jobs?

Hindustan Times  

India’s IT sector laid off around 20,000 techies during the calendar year 2023, in a manner known as a “silent layoff,” according to data shared by All India IT & ITeS Employees' Union, as reported by Moneycontrol. A “silent layoff” refers to a situation where employees are let go or have their employment terminated in a discreet or unannounced manner, …

Google Layoffs: Here's What CEO Sundar Pichai Told Employees About Job Cuts
8 months ago

Google Layoffs: Here's What CEO Sundar Pichai Told Employees About Job Cuts

ABP News  

In 2024, Google implemented a series of layoffs affecting thousands of employees, mirroring the large-scale layoff of 12,000 employees witnessed in 2023. According to a report by CNBC, during an all-hands meeting, Google CEO Sundar Pichai fielded questions from concerned employees regarding these workforce reductions. Pichai assured employees that, barring unforeseen changes, the scale of layoffs in the latter half …

Google layoffs: Company cuts more jobs in these key teams citing reorganisation
8 months, 1 week ago

Google layoffs: Company cuts more jobs in these key teams citing reorganisation

Hindustan Times  

Google layoffs: Sundar Pichai's Google is on a layoff spree- in line with the larger job cuts in the tech sector which has seen little signs of slowing down this year. Google layoffs: Google CEO Sundar Pichai is seen, The company is cutting jobs in key teams as layoffs continue this year. Google spokesperson Alex García-Kummert said as per the …

Intel Loses $7 Billion In Its Chip Business Battle With TSMC Last Year
9 months, 1 week ago

Intel Loses $7 Billion In Its Chip Business Battle With TSMC Last Year

News 18  

– Intel on Tuesday disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in recent years to Taiwan Semiconductor Manufacturing. Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. …

IBM layoffs: Tech giant announces job cuts in this division in 7-minute meeting
9 months, 4 weeks ago

IBM layoffs: Tech giant announces job cuts in this division in 7-minute meeting

Hindustan Times  

IBM layoffs: International Business Machines Corp reportedly announced layoffs without informing about the specific number of job cuts. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} This comes as the company's CEO Arvind Krishna said last year that IBM expects to pause hiring for roles which could be replaced with artificial intelligence in the coming years. Tech layoffs in 2024 At least 204 companies …

Tech and retail companies layoffs: Microsoft, TikTok, Google, Macy's and more
11 months, 2 weeks ago

Tech and retail companies layoffs: Microsoft, TikTok, Google, Macy's and more

Hindustan Times  

2024 has already proven to be a difficult year for layoffs. Here's some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer's headquarters and distribution centers. Levi's layoffs Levi Strauss & Co. is slashing its global corporate workforce by 10% to 15% in the first …

Salesforce cuts 700 jobs in latest tech layoffs: Know more
11 months, 2 weeks ago

Salesforce cuts 700 jobs in latest tech layoffs: Know more

India TV News  

Salesforce, a major enterprise software company, is reportedly cutting around 700 jobs, which is approximately 1 per cent of its workforce of about 70,000 people. Previous Layoffs In January 2023, Salesforce laid off 10 per cent of its workforce, affecting around 7,000 employees, due to global economic conditions. Ongoing Job Losses in Tech Within the first two weeks of the …

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs
11 months, 2 weeks ago

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs

Associated Press  

2024 has already proven to be a difficult year for layoffs. Here’s some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer’s headquarters and distribution centers. In a letter to employees, CEO Eric Artz noted that “outdoor specialty retail has experienced four quarters of decline …

Tech layoffs 2024: Flipkart, Amazon, Paytm, Google cut thousands of jobs; is AI the real villain?
11 months, 4 weeks ago

Tech layoffs 2024: Flipkart, Amazon, Paytm, Google cut thousands of jobs; is AI the real villain?

Hindustan Times  

Hundreds of Indian workers are left in a lurch in an even worse job market after multiple big tech companies like Amazon, Microsoft, Google, and Flipkart together cut thousands of jobs across multiple departments in the first two weeks of 2024. The first two weeks of 2024 saw thousands of job cuts One of the most significant layoffs in the …

Google Lays off Hundreds of Employees; Assistant, Hardware, Engineering Teams To Be Affected
1 year ago

Google Lays off Hundreds of Employees; Assistant, Hardware, Engineering Teams To Be Affected

News 18  

Tech giant Google has laid off hundreds of employees across multiple teams, with Fitbit co-founders James Park and Eric Friedman also leaving the company, as the tech giant continues to cut costs, a Google spokesperson told Reuters in a statement. The reorganization of certain teams comes at a time when companies like Microsoft and Google are betting on the rising …

Intel to lay off 235 employees over two weeks in the US
1 year ago

Intel to lay off 235 employees over two weeks in the US

Live Mint  

Santa Clara-based IT major Intel Corporation is set to undertake its fifth round of job cuts from December 31, 2023. The company will lay off around 235 employees at its research and development facility in Folsom, Sacramento County over two weeks, as per the Hindustan Times. “Intel is working to accelerate its strategy while reducing costs through multiple initiatives, including …

Intel To Lay Off 235 Employees In 5th Round Of Job Cuts This Year
1 year ago

Intel To Lay Off 235 Employees In 5th Round Of Job Cuts This Year

ABP News  

Tech giant Intel has revealed intentions to lay off around 235 employees in its fifth round of workforce reductions this year, the media has repored. Santa Clara-based semiconductor giant Intel has plans to lay off 235 employees at its Folsom research and development facility, as per state regulatory filings, reported San Fransisco Chronicle. Taipei's financial analyst, Dan Nystedt, who compiled …

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report
1 year, 6 months ago

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report

Hindustan Times  

According to a report from Forbes, 2023 has brought a storm of layoffs across various industries, with nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs. Nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs in 2023 so far. Tech Takes a Hit Tech companies have faced the …

Staff at Meta, Etsy and more get bumper pay rises in 2022 despite cost of living crisis and layoffs
1 year, 6 months ago

Staff at Meta, Etsy and more get bumper pay rises in 2022 despite cost of living crisis and layoffs

Daily Mail  

A slew of tech companies have announced cost-cutting measures, with Amazon, Apple and Google-parent Alphabet all announcing hiring slowdowns or freezes. Twitter laid off half its workforce across teams ranging from communications and content curation to product and engineering Musk previously said there was no other choice but to impose mass layoffs as the company loses hundreds of millions of …

Apple to lay off small number of employees
1 year, 9 months ago

Apple to lay off small number of employees

The Hindu  

iPhone and MacBook maker Apple is laying off a small number of employees, according to a report by Bloomberg News. The affected department includes the company’s corporate retail teams, according to sources who did not wish to be named. While Big Tech companies such as Meta, Microsoft, Amazon, and Google have fired thousands of employees - sometimes across multiple rounds …

Layoffs 2023: US companies cut more than 180,000 jobs in two months amid fears of global recession
1 year, 9 months ago

Layoffs 2023: US companies cut more than 180,000 jobs in two months amid fears of global recession

India TV News  

A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. The report also shows that the tech industry has cut a …

Samsung layoff: 3% of employees at the US chip subsidiary lost their job
1 year, 9 months ago

Samsung layoff: 3% of employees at the US chip subsidiary lost their job

India TV News  

Samsung Electronics has laid off 3 per cent of the employees at its US semiconductor subsidiary- Device Solutions Americas. Business Korea, the citing source said that the Samsung DSA notified all of its employees of the job cuts due to uncertain economic conditions. Image Source : PIXABAYUnemployment A global economic recession has led to an overall reduction in the demand …

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List
1 year, 11 months ago

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List

News 18  

Tech Layoffs In 2023: Citing cost cutting due to macroeconomic pressures, tech companies across the world have resorted to layoffs in the past months. The year 2023 has witnessed mass layoffs by companies such as Google, Microsoft, Salesforce and Amazon, among others. Apart from these, Salesforce laid off 8,000 employees, Dell sacked 6,650, IBM about 3,900, SAP nearly 3,000, Zoom …

Here are the latest tech layoffs as the industry shudders
1 year, 11 months ago

Here are the latest tech layoffs as the industry shudders

CBS News  

The high-flying tech industry is facing a reckoning as the economy slows and customers pull back on spending. Dell The computer company in February announced it would slash 5% of its workforce due to a "challenging global economic environment." PayPal The digital payments company said in January it was cutting 2,000 jobs, or about 7% of its workforce, as it …

Big tech job cuts keep coming; Dell latest to trim headcount
1 year, 11 months ago

Big tech job cuts keep coming; Dell latest to trim headcount

Associated Press  

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. February 2023 Dell: The computer maker reduced its payroll by 5%, or about 6,600 jobs, saying that the steps it’s taken to stay ahead of eroding market conditions are no longer enough. …

Explained | What does the recent wave of tech layoffs mean?
1 year, 11 months ago

Explained | What does the recent wave of tech layoffs mean?

The Hindu  

The story so far: The New York-headquartered International Business Machines Corp. last week became the latest to join the list of tech companies that have made large-scale layoffs since late 2022. This comes on the heels of what has been described as Big Tech’s “midlife crisis” or the clock striking “midnight” on its hyper-growth; technology giants Alphabet, Amazon, Meta, and …

Intel Sees More Losses as PC Makers Sharply Cut Chip Buying In 2023
1 year, 11 months ago

Intel Sees More Losses as PC Makers Sharply Cut Chip Buying In 2023

News 18  

-Intel Corp said it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its key data center division. "We expect some of the largest inventory corrections literally that we've ever seen in the industry taking place that's affecting the Q1 guide in a meaningful way," Intel …

Tech Still Sees Demand Among US Jobseekers Despite Mass Layoffs, Data Shows
1 year, 11 months ago

Tech Still Sees Demand Among US Jobseekers Despite Mass Layoffs, Data Shows

ABP News  

As tech companies continue to slash jobs, the demand for tech positions has not diminished in the US, with eight of the top 10 "best jobs" this year being technology roles. According to data by job portal Indeed, the tech jobs in high demand are full-stack developers at the top spot, followed by data engineers, cloud engineers, senior product managers …

Microsoft profit drops 12% to $16.4B as revenue grows at its slowest pace in six years
1 year, 11 months ago

Microsoft profit drops 12% to $16.4B as revenue grows at its slowest pace in six years

Daily Mail  

A slew of tech companies have announced cost-cutting measures, with Amazon, Apple and Google-parent Alphabet all announcing hiring slowdowns or freezes. Twitter laid off half its workforce across teams ranging from communications and content curation to product and engineering Musk previously said there was no other choice but to impose mass layoffs as the company loses hundreds of millions of …

Tech industry job cuts come rapidly and in big numbers
1 year, 11 months ago

Tech industry job cuts come rapidly and in big numbers

Associated Press  

In just the past month there have been nearly 50,000 job cuts across the technology sector. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software and services surged with millions of people working remotely. August 2022 Snap: The parent company of social media platform Snapchat …

Google axes 12,000 jobs as layoffs spread across tech sector
1 year, 11 months ago

Google axes 12,000 jobs as layoffs spread across tech sector

Associated Press  

LONDON — Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. Tech companies that “not long ago were the darlings of the stock market” have been forced to freeze hiring and cut jobs in preparation for …

Google axes 12,000 jobs as layoffs spread across tech sector
1 year, 11 months ago

Google axes 12,000 jobs as layoffs spread across tech sector

LA Times  

With the layoffs, Google joins a host of other tech giants that have drastically scaled back operations amid a faltering global economy and high inflation. Tech companies that “not long ago were the darlings of the stock market” have been forced to freeze hiring and cut jobs in preparation for an economic downturn, said a note from Victoria Scholar, an …

Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
1 year, 11 months ago

Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January

NPR  

Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January Enlarge this image toggle caption Jeff Chiu/AP Jeff Chiu/AP Google is the latest tech giant to announce a massive layoff: the company announced on Friday that it is slashing about 12,000 jobs. The company already has notified affected employees in the United States, CEO Sundar …

Microsoft cuts 10,000 jobs to fuel future growth: Here’s what CEO Satya Nadella has to say
1 year, 11 months ago

Microsoft cuts 10,000 jobs to fuel future growth: Here’s what CEO Satya Nadella has to say

India TV News  

Microsoft, one of the world's leading tech giants, has announced that it will cut nearly 10,000 jobs from its engineering division. In a blog post, CEO Satya Nadella stated that the company would continue to invest in strategic areas for the future, meaning they will allocate capital and talent to secular growth and long-term competitiveness for the company while divesting …

Microsoft to cut 10,000 jobs as tech layoffs intensify
1 year, 11 months ago

Microsoft to cut 10,000 jobs as tech layoffs intensify

The Hindu  

Microsoft Corp said on Wednesday it would cut 10,000 jobs by the end of the third quarter of fiscal 2023, the latest sign that layoffs were accelerating in the U.S. technology sector as companies brace for an economic downturn. The layoffs and costs related to hardware-portfolio and other changes will result in a charge of $1.2 billion in the second …

Microsoft to cut 10,000 jobs as chief says ‘no one can defy gravity’
1 year, 11 months ago

Microsoft to cut 10,000 jobs as chief says ‘no one can defy gravity’

The Telegraph  

Microsoft is to cut 10,000 jobs in the face of a global economic downturn, with chief executive Satya Nadella saying the technology giant cannot “defy gravity”. The layoffs represent just under 5pc of Microsoft’s global headcount and mean the company joins a growing cohort of big tech companies making deep job cuts. In November, Facebook owner Meta said it would …

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