CEO Pat Gelsinger has been “retired” effective 1 December, after the board of directors reportedly loses confidence in his turnaround plan
TECHNOLOGY POWERING BUSINESS
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Northvolt Mulls US Bankruptcy Protection – Report
Troubled battery maker Northvolt reportedly considers Chapter 11 bankruptcy protection in the United States as possible option
AMD Axes 4 Percent Of Staff, Amid AI Chip Focus
Merry Christmas staff. AMD hands marching orders to 1,000 employees in the led up to the Christmas holiday period
Trump Appoints Elon Musk To Lead Government Efficiency Department
Slash-and-burn cuts for federal staff? Elon Musk and former presidential candidate Vivek Ramaswamy appointed to lead Doge
More Layoffs For iRobot Staff After Abandoned Amazon Deal
After axing 31 percent of its workforce when it failed to be acquired by Amazon, iRobot terminates another 16 percent of remaining staff
Mozilla Foundation Confirms Layoffs, Eliminates Advocacy Division
Mozilla Foundation axes 30 percent of its staff, and is eliminating its Advocacy Division that fights for free and open Internet
Amazon Boss Denies Return To Office Mandate Is ‘Backdoor Layoff’
CEO Andy Jassy tells Amazon staff that the recent 5-day in-office mandate is not meant to be “a backdoor layoff”
AWS Tells Staff To Leave If They Don’t Wish To Return To Office
Head of Amazon Web Services reportedly tells staff to leave if they don't like controversial new 5-day-per-week in-office policy
Meta Axes Staff At WhatsApp, Instagram, Reality Labs – Report
Meta has reportedly begun laying off staff across various departments, but as of yet there is no word on actual numbers being let go
TikTok Cuts Hundreds Of Jobs In Favour Of AI – Report
ByteDance's TikTok is laying off up to 500 employees as it moves to greater use of AI for content moderation
Battery Maker Northvolt To Replace Plant Boss, Amid Difficulties
Difficulties continue for Northvolt, as head of Europe's first lithium-ion gigafactory steps down with immediate effect
Samsung Warns Striking Workers In India Of No Pay, Possible Termination
Industrial dispute of Samsung workers in India escalates, as tech giant warns of no pay and potential terminations
Intel To Spin Off Foundry Unit As Independent Subsidiary
Turnaround latest. Intel Foundry to become independent subsidiary, while chip factory construction in Germany and Poland will be paused
Microsoft Cuts Hundreds Of Gaming Staff
Post Activision - Microsoft Gaming confirms it will axe 650 employees, after thousands of job losses earlier this year
Samsung India Workers Strike, Amid Report Of Overseas Job Cuts
Hundreds of Samsung workers in India continue their strike action over wage demands. Meanwhile report suggests heavy job layoffs
Intel To Present Board With Strategic Options – Report
Troubled chip giant Intel is reportedly working with bankers and other advisors to present strategic options to board of directors
Intel Questioned By US Senator Over Job Cuts After $20bn Grant, Loans
Intel CEO questioned by republican senator on 15,000 job cuts, after chip giant being awarded $20bn US grant
Apple Axes Jobs In Digital Services Group – Report
Tech giant Apple reportedly cuts 100 jobs in its digital services group, with sources citing a shift in internal priorities
Klarna Says AI Chatbots Helped Remove 1,200 Positions
Should it be boasting? Klarna says it has hundreds of jobs have been trimmed from workforce thanks to AI chatbots
Intel Sells Stake In British Chip Designer ARM
Amid its turnaround struggles and job cuts, Intel sells its 1.18 million share stake in UK chip designer ARM Holdings
Dell Begins Fresh Round Of Job Losses, Amid AI Move – Report
More job losses for tech sector as reports suggest Dell is cutting as much as 10 percent of global workforce, or 12,500 staff
Intel Sued By Shareholders After Dividend Suspension, Stock Price Crash
Shareholders alleged being blindsided after Intel's weak Q2 results, job losses, dividend suspension, triggered share price plunge
Intel To Cut 15 Percent Of Workforce, Suspends Dividend
Shares in Intel plummet over 20 percent after chip giant confirms thousands of job losses and suspends dividend payments
Intel To Cut Thousands Of Jobs – Report
Another round of layoffs reportedly on the cards for staff at Intel, in an effort to rebound from earnings slump
Fisker Files For Chapter 11 Bankruptcy
EV maker Fisker files for bankruptcy protection in the US – the second EV venture led by car designer Henrik Fisker to do so
Microsoft ‘Cuts Hundreds Of Cloud Jobs’
Microsoft reportedly cutting hundreds of jobs in Azure cloud business, affecting telecoms and space teams, as it profits from AI
TikTok Cuts ‘Hundreds’ Of Jobs
TikTok to cut jobs from operations and marketing teams amidst broader ByteDance restructuring, as it faces political tensions in US
Tesla Layoffs Continue With Another 600 Jobs In California
Regulatory filing last week shows Elon Musk's Tesla is cutting another 600 jobs in California, across multiple departments
Toshiba Axes 4,000 Staff In Post-Delisting Restructuring Operation
Workforce blow. Newly privatised Toshiba has embarked on a 'revitalisation plan' that will entail the loss of 4,000 jobs
Google Staff Question Layoffs After Record Earnings
Staff at Google question CEO Sundar Pichai over 'significant decline' in workforce morale amid ongoing job cuts, despite strong financials