Layoffs announced at multiple companies this summer
Mario Gabelli, chairman and CEO of Gamco Investors, talks sports investing and the surge in small-cap stocks on “The Claman Countdown.” Over the summer, various companies announced job cuts. The planned job cuts are expected to have a collective impact on thousands of people working in industries including technology, media and automotive. Companies that have […]
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 […]