Cisco to lay off more than 4,000 employees to focus on AI
Cisco has revealed plans to reduce its workforce by 5% to increase its focus on artificial intelligence. The technology giant has approximately 4,250 employees worldwide. San Jose, Calif.-based Cisco said the layoffs will cost the company about $800 million in pre-tax losses related to severance and benefits, and will increase the company’s investment in high-growth […]
Trump vow to NRA if reelected: ‘No one will lay a finger on your firearms’
Former President Trump gave a new oath to members of the National Rifle Association (NRA) on Friday, promising to strengthen protections for Second Amendment rights if re-elected in November. “With me here at 1600 Pennsylvania Avenue, I promise you that no one will ever lay a finger on your firearm. “It’s the same as the […]
NASA Jet Propulsion Laboratory to lay off workers amid budget constraints
NASA’s Jet Propulsion Laboratory (JPL), located outside Los Angeles, plans to lay off 530 employees and 40 contractors in a cost-cutting measure after failing to secure federal funding for the fiscal year. “These are painful but necessary adjustments that will allow us to meet budget allocations while continuing our important work for NASA and our […]
Snap to Lay off 10% of Global Workforce to ‘Promote In-Person Collaboration’
Snap, the maker of the social media platform Snapchat, announced it would lay off 10 percent of its global workforce, or about 500 people, to “facilitate in-person collaboration.” According to one source, the company will lay off 20% of its workforce in 2022, and a small number of employees in its product division in November, […]
UPS to lay off 12,000 workers 5 months after agreeing to massive pay raise with union, stock price plummets
united parcel service announced On Tuesday, the company announced it would lay off 12,000 workers, just five months after it celebrated agreeing to a big union-negotiated pay increase for its drivers. “We’re aligning our organization to our strategy and aligning our resources to what’s really important,” CEO Carol Thome said on a conference call. He […]
French Farmers Lay ‘Seige’ To Paris To Protest Environmental Red Tape
French farmers gathered in droves on the outskirts of Paris on Monday in a staged protest against government environmental regulations. Nearly two months after French farmers dumped 300 cubic meters of fertilizer in front of the state capital of Cahors, hundreds of tractors and haystacks have blocked the highway leading to Paris. according to ABC. […]
Business Insider to Lay Off 8% of Workforce
Business Insider has joined the wave of mass layoffs in the media space, announcing it will cut 8% of its workforce to “refocus” the company. CEO Barbara Penn broke the news in a memo to employees Thursday, calling the move “disappointing.” “We have already begun to refocus our team and invest in areas that deliver […]
Paramount Set to Lay Off ‘Hundreds’ Across Nearly All Divisions in Latest Hollywood Bloodbath
Paramount Global, the parent company of CBS, Paramount Pictures, Showtime and numerous other media properties, reportedly plans to lay off “hundreds” of employees across nearly every division. The impending layoffs represent Hollywood's latest disaster, following layoffs at other companies including Disney, NBCUniversal, Amazon MGM Studios and Universal Music Group. Hollywood is feeling the squeeze on […]
Google to lay off hundreds of employees as sales team adopts AI: report
Constellation Research founder R 'Ray' Wang reveals his company's top AI stocks on 'Varney & Co'. Google will lay off hundreds of employees from its ad sales team in a further cost-cutting measure, the company announced. The layoffs come as Google plans to restructure its ad sales division, cutting teams focused on large customers and […]
Google to lay off ‘several hundred’ employees in latest cuts
Google announced in an email to employees Tuesday morning that “hundreds” more people will be laid off in the latest round of layoffs. In an internal memo, Google's chief business officer Philip Schindler said changes to Google's sales team would result in hundreds of jobs in advertising sales around the world being cut or “put […]