Tag: Layoff
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Layoffs News: Intel Announces 2,000 Job Cuts with 60-Day Notice for Laid-Off Workers !
A significant change in Intel’s business approach has occurred with the company terminating over 2,000 employees in many US states. This comes after the business announced in August that it would be implementing major layoffs in an attempt to deal with financial difficulties and escalating competition in the semiconductor sector. The heaviest impact of the…
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Layoffs at Samsung India: 200 jobs to be eliminated, according to a report !
Over 200 executives will be let go by Samsung Electronics from its Indian operations, according to The Economic Times. The company’s main smartphone market share has been lost, customer demand has decreased, and business growth has slowed, all of which have contributed to the layoffs. Four top industry leaders quoted in the study claim that…
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Dell Cuts 12,500 Jobs to Shift Focus to AI: Key Takeaways in 5 Points !
Dell Technologies has revealed a second wave of layoffs within a span of 15 months. Approximately 12,500 employees have been let go, representing around 10 percent of the company’s total workforce. This decision aligns with the company’s strategy to concentrate more on Artificial Intelligence (AI) and contemporary IT solutions. The objective of this workforce reduction…
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Intel’s Job Cuts: Key Points on $10 Billion Savings Plan!
Intel has made news for downsizing its workforce and reducing jobs over the past few weeks. According to a recent statement, the leading company in the computer chip industry reported a 1% decrease in revenue for the second fiscal quarter ending on June 29, compared to the same period last year. As a result, the…