Dell Announces Layoffs of Up to 12,500 Employees
Dell Technologies is undergoing a major restructuring that includes cutting jobs and creating a new group focused on artificial intelligence services, according to people familiar with the matter. The company plans to lay off 12,500 employees, or 10% of its workforce. Silicon Angle Report Dell is trying to navigate the transformation by cutting a large […]
Cisco axing thousands of jobs in second round of layoffs amid shift to AI: report
Network equipment maker Cisco plans to cut thousands of jobs in its second round of layoffs this year as it shifts focus to higher-growth areas such as cybersecurity and artificial intelligence, according to people familiar with the matter. The number of people affected could be the same or slightly higher than the 4,000 employees Cisco […]
Massive Layoffs At Intel With Tech 15K Jobs Cut, $1.6B Loss After Biden Administration Funding
Intel announced major layoffs on Thursday, cutting 15,000 jobs after a $1.6 billion loss, despite receiving a large amount of funding from the Biden administration. Intel is cutting 15 percent of its workforce, or about 15,000 jobs, as it restructures its business and seeks to better compete with industry leaders such as Nvidia and AMD. […]
ABC News, ‘GMA’ staffers brace for layoffs as Disney cuts costs: sources
Staff at Disney-owned ABC News are bracing for major job cuts as the network makes drastic budget cuts, including to staff at its top-rated show, “Good Morning America,” according to information obtained by The Washington Post. The Mouse House has asked “GMA” to cut its bottom line by as much as $19 million from its […]
Tesla posts 800 job openings after its biggest-ever round of layoffs
Tesla is reportedly looking to hire around 800 new employees, just months after CEO Elon Musk reportedly cut thousands of jobs in the largest layoffs in the company’s history. Over the past few weeks, Tesla has listed hundreds of new jobs on its website, with a focus on AI specialists and service roles. According to […]
CNN quietly disbands ‘Race and Equality’ team as part of layoffs
CNN quietly disbanded its “race and equity” reporting team this week as part of a major restructuring that included the layoffs of 100 staff members, according to reports. The unit was created by former CNN president Jeff Zucker in the wake of the 2020 police killing of George Floyd in Minneapolis and was made up […]
John Deere to Execute Big Layoffs in Two States, Plans Shift to Mexico
John Deere is preparing for more mass layoffs in two states, with 610 employees set to lose their jobs by August 30. The company made the announcement on Friday and said 280 employees at its East Moline, Illinois, plant and 230 employees at its Davenport, Iowa, plant would be affected, Fox Business reported. report Saturday. […]
John Deere announces mass layoffs in Midwest amid production shift to Mexico
See what’s clicking on FoxBusiness.com John Deere, the world’s largest distributor of tractors and crop harvesting equipment, announced on Friday that it would lay off about 610 production staff at plants in Illinois and Iowa by the end of the summer, according to reports. The company is cutting about 280 jobs at its plant in […]
Paramount Global reveals more layoffs, asset sales on the way
Paramount Global executives have warned of further job cuts as part of a $500 million cost-cutting plan to stem a “totally unacceptable” decline in the media giant’s profitability. About 500 employees learned of the tough plans, which also include revamping the Paramount+ streaming service and hiring bankers to sell unspecified assets, during an all-hands meeting […]
Private college that appeased anti-Israel protesters faces major enrollment decline — and layoffs could be coming
A private liberal arts college in Boston blames anti-Israel protests for a huge drop in freshman enrollment. When anti-Israel protests erupted at Emerson College this spring, university officials went out of their way to defend student protesters, who were jailed for violating the law. “…We will need to eliminate some vacant and filled staff positions […]