Page 4 - Chipmaker Intel News Today

In the memo, CEO Andy Jassy said the second phase of the companys annual planning process - which determined what areas of the business to trim - would be completed this month.

Hundreds of thousands of employees are expected to lose work as US businesses announce the most job cuts in January since 2020 seeing a 440% increase than the same time last year.

PayPal said it will make the cuts over several weeks, with some of its organizations affected more than others. The company did not further specify.

Intel will begin firing employees starting from January 31. The company states poor sales due to macroeconomic conditions as the reason behind the mass layoff.

Let's review the charts and indicators....INTC

Zendesk is the latest in a string of tech companies with international headquarters in Ireland to announce job losses.

The layoffs will be announced as early as this month and some Intel divisions, including the sales and marketing group, could be cut by up to 20 percent, Bloomberg News reported Tuesday.

Intel is planning a major reduction in headcount, likely numbering in the thousands, in the face of a slowdown in PC sales

As supply chains fray around the globe, branches of industry are choosing Germany’s east to return to Europe

Landmark ruling ordered the EU executive to pay default interest on reimbursed fines in annulled antitrust cases