Shareholders alleged being blindsided after Intel's weak Q2 results, job losses, dividend suspension, triggered share price plunge
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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
Tesla Fires Software, Service, Engineering Staff
Tesla lays off software, service, engineering staff after disbanding Supercharger team, as major cull continues
Alphabet Axes Hundreds Of Staff From ‘Core’ Organisation
Google is reportedly laying off at least 200 staff from its “Core” organisation, including key teams and engineering positions
Tesla Axes Entire Supercharger Team, Plus Senior Executives
Elon Musk dismisses two senior Tesla executives, plus the entire division that runs Tesla's Supercharger network
Google Fires More Staff Over Israel Protest
Another 20 staff have been fired by Google over Israel protest and their “completely unacceptable behaviour”
Google Fires 28 Staff Over Israel Protest, Undertakes More Layoffs
Protest at cloud contract with Israel results in staff firings, in addition to layoffs of unspecified number of employees
Tesla To Ask Shareholders To Reinstate Elon Musk’s $56 Billion...
Tesla shareholders to be asked to reinstate Elon Musk's $56 billion pay package, days after Musk confirmed staff layoffs
Tesla Cuts More Than 10 Percent Of Workforce
Tesla lays off more than 10 percent of staff worldwide amidst slower growth, tougher competition from China
OpenAI Fires Two Researchers Over Information Leaks
OpenAI fires two researchers for leaking information in first known shake-up since Sam Altman briefly forced out last year
AI To Reduce Worker Numbers, Staffing Firm Adecco Warns
Survey from staffing firm Adecco warns AI will lead to many companies employing fewer people in the next five years
Apple Axes 600 Staff In First Layoffs Since Pandemic
Hundreds of Apple staff are to be handed their marching orders, reportedly centred on cancelled self-driving EV project
Amazon Web Services Lays Off Hundreds Of Staff
More job losses at Amazon, as AWS unit eliminates several hundred positions in sales, marketing and tech sections
Ericsson To Cut 1,200 Jobs in Sweden Amid ‘Challenging’...
Swedish telecoms giant Ericsson blamed “challenging mobile networks market” and “further volume contraction” for job losses
Vodafone Germany Confirms 2,000 Job Losses, Amid European...
More downsizing at Vodafone after German operation announces 2,000 jobs will be axed, as automation increases in the future
AI Poses ‘Jobs Apocalypse’, Warns Report
IPPR report warns AI could remove almost 8 million jobs in the United Kingdom, with low paid, youngsters and women most at risk
Electronic Arts Cuts 5 Percent Of Staff Amidst Jobs Bloodbath
Electronic Arts latest videogame company to engage in mass layoffs as industry continues to reel from pandemic overhiring
Apple Cancels Much Delayed Electric Car Project
Project Titan is dead. Apple reportedly winds down its delayed electric car project, after a decade of research and development
Expedia To Cut 8 Percent Of Workforce
After replacing its CEO earlier this month, Expedia confirms it will axe 1,500 jobs, or 8 percent of its workforce
Twitter Ghana Staff Finally Paid, More Than A Year After Layoffs
X, formerly Twitter, reaches settlement with Ghana-based staff more than a year after they were sacked in November 2022
Cisco Confirms It Will Cut More Than 4,000 Jobs
Bad news confirmed for employees at Cisco, after business confirms that more than 4,000 jobs are to be axed
Cisco To Cut ‘Thousands Of Jobs’ – Report
Staff at Cisco brace for bad news ahead of an earning statement this week, amid reports of thousands of layoffs
Amazon Cuts Hundreds Of Jobs In Health Units
More layoffs at Amazon as cost-cutting continues, with hundreds of jobs being axed at Pharmacy and One Medical divisions