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Intel jobs cut: Company reduces work force and shifts towards 'Hybrid-First' mode

Livemint

Livemint · 2y ago

Intel jobs cut: Company reduces work force and shifts towards 'Hybrid-First' mode

Intel is reportedly set to lay off 89 employees in Folsom and 51 in San Jose in the US as part of cost-cutting efforts. The layoffs, impacting various engineering and software roles, are aimed at addressing previous losses. Intel aims to manage economic challenges while respecting affected employees and is considering consolidating offices in Bengaluru. The company's Folsom campus hosts R&D divisions for SSDs, graphics processors, software, and chipsets. Intel's move to cut costs is in response to a challenging macroeconomic climate.

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Amazon shuts down Shanghai AI research lab: FT report - The Economic Times

Economic Times

Economic Times · 2m ago

Amazon shuts down Shanghai AI research lab: FT report - The Economic Times

Amazon is closing its Shanghai AI lab amid rising US-China tensions, aligning with increased US scrutiny on American companies in China. This move is part of Amazon's global strategy to cut jobs, similar to actions by other tech giants like Microsoft and Meta, who are focusing more on artificial intelligence. The lab shutdown reflects strategic shifts in response to geopolitical challenges and broader industry trends towards AI reliance.

Tech layoffs: Over 27,000 jobs lost in August 2024; Intel, Cisco and IBM lead the wave

Livemint

Livemint · 1y ago

Tech layoffs: Over 27,000 jobs lost in August 2024; Intel, Cisco and IBM lead the wave

Tech layoffs in August 2024 impacted the industry as major players like Intel, Cisco, and IBM made significant job cuts. Over 27,000 workers lost their jobs across 40 companies. Intel plans to eliminate 15,000 jobs, while Cisco intends to reduce its workforce by 6,000. IBM is withdrawing its R&D operations from China, resulting in 1,000 job losses. German chipmaker Infineon plans to cut 1,400 jobs. Other notable layoffs include GoPro, Apple, Dell Technologies, ReshaMandi, and Brave. These layoffs highlight the ongoing volatility in the tech industry.

What is 'founder mode', which has sparked a debate in Silicon Valley?

Hindustan Times

Hindustan Times · 1y ago

What is 'founder mode', which has sparked a debate in Silicon Valley?

Y Combinator's Founder Paul Graham shared an essay about running companies on 'manager mode' or 'founder mode'. He argued that 'founder mode' is better, which involves founders paying attention to minute details instead of delegating work to managers. Some Silicon Valley executives agreed with him citing examples of Jeff Bezos and Steve Jobs, while others said 'founder mode' is micromanaging.

'Marry a colleague': Bengaluru man's ultimate work-life balance hack has netizens asking 'Free rent, referral bonuses & more?'

Business Today

Business Today · 6m ago

'Marry a colleague': Bengaluru man's ultimate work-life balance hack has netizens asking 'Free rent, referral bonuses & more?'

A Bengaluru man's unconventional work-life balance strategy of marrying a colleague has sparked interest online. This approach offers financial savings through shared transportation, enhances work-from-home experiences by blurring home and office boundaries, and adds entertainment to meetings with playful interactions. Additionally, it reduces the risk of workplace infidelity and humorously suggests nepotism perks, like referring children twice for jobs due to both parents working at the same company. This discussion aligns with ongoing conversations about balancing work and life.

Intel to Slash 4,000 Jobs by Mid-July in Major Restructuring Push

StartupTalky

StartupTalky · 3m ago

Intel to Slash 4,000 Jobs by Mid-July in Major Restructuring Push

Intel plans to cut nearly 4,000 jobs by mid-July as part of a restructuring led by CEO Lip-Bu Tan. Most affected will be Oregon, where 2,400 positions will be eliminated. The layoffs come as Intel loses ground in the semiconductor and AI chip markets to companies like TSMC and Nvidia. This restructuring involves exiting the automotive chip sector, outsourcing marketing, and a focus on AI and edge computing to restore profitability.

Intel cuts over 500 jobs in Oregon as part of layoff plan - The Economic Times

Economic Times

Economic Times · 3m ago

Intel cuts over 500 jobs in Oregon as part of layoff plan - The Economic Times

Intel is set to cut over 500 jobs in Oregon as part of a broader layoff plan, aiming to reduce around 20% of its workforce. The job cuts will affect facilities in Aloha and Hillsboro, eliminating 529 positions permanently. This move follows a recent layoff in California, where 107 employees were let go. The effort seeks to streamline operations under new CEO Lip-Bu Tan, aiming for a leaner and more efficient company.

Burberry to Slash 1700 Jobs Amid £66M Loss

StartupTalky

StartupTalky · 5m ago

Burberry to Slash 1700 Jobs Amid £66M Loss

Burberry plans to cut 1,700 jobs, about 20% of its global workforce, following a £66M loss, as part of a restructuring initiative led by CEO Joshua Schulman. The focus shifts to heritage staples and high-margin leather accessories. While financial improvements were noted, such as a £26 million adjusted operating profit for 2025, the brand faces challenges with declining global sales and economic uncertainties. The company is eyeing both cost-cutting and strategic refocusing to revive its fortunes.

TCS issues final warning to employees working from home, says report

Livemint

Livemint · 1y ago

TCS issues final warning to employees working from home, says report

Indian IT giant Tata Consultancy Services (TCS) has issued a final notice to employees working remotely, instructing them to return to office duties starting in March. TCS has emphasized that this will be the last extension given and failure to comply will have consequences. The company cites concerns over work culture and security issues as reasons for the directive. TCS had previously announced plans for a hybrid work model, with 25% of employees working remotely by 2025. However, the focus has now shifted towards restoring pre-pandemic work culture.

Big tech companies form new consortium to allay fears of AI job takeovers

TechCrunch · 1y ago

Big tech companies form new consortium to allay fears of AI job takeovers

A consortium of tech giants, including Cisco, Google, Microsoft, IBM, Intel, SAP, and Accenture, called the AI-Enabled ICT Workforce Consortium (ITC) is leading an effort to explore the impact of AI on jobs and promote reskilling and upskilling within the information and communication technology industry. The consortium plans to evaluate the impact of AI on specific job roles and provide training recommendations for affected roles. The first phase of its work will focus on 56 job roles within the ICT industry. The consortium intends to publish its findings in a report this summer.

Cisco to lay off thousands more in second job cut this year, sources say

Economic Times

Economic Times · 1y ago

Cisco to lay off thousands more in second job cut this year, sources say

Networking equipment maker Cisco is set to cut thousands of jobs in a second round of layoffs this year as it shifts focus to higher-growth areas such as cybersecurity and AI. The number of affected employees is likely to be similar to the 4,000 laid off in February. This move comes as the company diversifies its offerings and aims for $1 billion worth of AI product orders by 2025. Cisco's decision follows a trend in the tech industry, with over 126,000 people laid off across 393 tech companies in 2023.

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