Items tagged with layoff
Intel CEO Pat Gelsinger announced a huge round of layoffs to cut costs and help the company navigate what he referred to as “tough days ahead.” The company plans to deliver $10 billion in cost savings in 2025, which will include cutting about 15,000 roles, or 15% of its global workforce.
The news of the layoffs...
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So, this is interesting. Evidently, making $1.6 billion in pure profit in a quarter isn't enough to justify keeping 27,000 on the payroll. It's obviously never that easy, nor that cut and dry, but HP is choosing a quarter where it profited more than some companies will ever gross to suggest that job cuts are in the...
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AMD's initial layoff announcement yesterday implied that the dismissals would occur across the company's global sales force. While that may still be true, it has become clear that AMD has slashed its PR and marketing departments in particular. The New Product Review Program* (NPRP) has lost most of its staff and Director of Product Planning,...
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It may be a done deal, but some former Palm employees aren't singing a positive tune after the HP acquisition. In many cases where one company takes over another (or just buys another to integrate), at least a few positions are eliminated. There's usually never a need for two CEOs, and some of the duplication simply can't be dealt with unless...
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