Tag: Layoffs

Here you will find all the articles with the tag: Layoffs.

HP announces mass layoffs amid market slump

HP announces mass layoffs amid market slump

Market conditions prompted HP to significantly cut its global workforce. The organization announced a round of layoffs affecting up to 10 percent of its personnel. The PC market is in a slump. Various manufacturers posted disappointing quarterly results. HP is feeling the pressure. The organizat... Read more

date5 days ago
Chipmaker GlobalFoundries warns employees of layoffs

Chipmaker GlobalFoundries warns employees of layoffs

The management of chipmaker GlobalFoundries warned employees of upcoming layoffs. Inflation and energy prices are on the rise. Demand for chips declines as a result. GlobalFoundries is preparing for an uncertain period by cutting staff. The plan was announced in an email to employees on Friday ... Read more

date14 days ago
Elon Musk fires Twitter CEO and CFO after €44 billion acquisition

Elon Musk fires Twitter CEO and CFO after €44 billion acquisition

The acquisition of Twitter has been completed. Multiple insiders report that the CEO and CFO have been fired by Elon Musk. Thousands of employees fear for their jobs. "The bird is freed", Musk tweeted after completing the acquisition. The CEO of SpaceX and Tesla bought the social media giant for... Read more

date1 month ago
‘Intel plans to layoff thousands amid PC market slowdown’

‘Intel plans to layoff thousands amid PC market slowdown’

In the face of a slowdown in the PC industry, chipmaker Intel is preparing a significant decrease in its workforce. Layoffs could affect thousands of employees, Bloomberg News reported on Tuesday, citing individuals familiar with the matter. According to the article, the layoffs will be disclose... Read more

date2 months ago
Automation Anywhere lays off 10% of staff because of coronavirus

Automation Anywhere lays off 10% of staff because of coronavirus

Startup Automation Anywhere laid off hundreds of employees after the demand for its products dropped. According to Axios, up to 10 percent of the workforce could be affected by the layoffs. The company said it was adapting to the increased demand for cloud services. This demand arose after peopl... Read more

date3 years ago
Oracle fires 1300 people in Europe

Oracle fires 1300 people in Europe

A bummer for Oracle employees in Europe yesterday afternoon: the Irish Times reports that Oracle has announced at the Dublin office that 1300 people are going to be fired. Most of the layoffs will happen in Dublin, but Amsterdam and Malaga are not left out. The people who will be fired are mainl... Read more

date3 years ago
‘Intel plans series of layoffs in data center division’

‘Intel plans series of layoffs in data center division’

Intel's Data Center Group will face a significant number of redundancies in the event of a reorganisation. Reportedly, between 25 percent and 33 percent of the personnel involved could lose their jobs. Intel did not provide any comment on the truth of the messages. However, the company will disc... Read more

date3 years ago