attrition
Intel will lay off 15,000 people as the chipmaker attempts to rebuild its business.
Intel is making significant efforts to reduce costs, including a plan to reduce its workforce by at least 15 percent. This could mean laying off over 15,000 employees, resulting in an estimated cost savings of around $10 billion by 2025. The company, which currently has a workforce of at least 125,000, estimates that the headcount reduction could impact up to 19,000 employees. In addition to the layoffs, Intel is also planning to cut spending in research and development, as well as marketing, by billions annually for the next two years. The company will reduce capital expenses by 20 percent this year, discontinue “non-essential” work, and review ongoing projects and existing equipment to eliminate unnecessary expenditure. This downsizing was announced to employees via an intern...
Disney Entertainment Television to let go 2% of the workforce
Walt Disney is laying off employees in its television unit. This will result in a reduction of two percent of the workforce at Disney Entertainment Television, which is about 140 employees. National Geographic will also see a reduction in its team by 13 percent. The layoffs are a cost-cutting measure and will impact ABC-owned television stations, Freeform (the cable channel), Disney’s linear networks, unscripted, marketing, and publicity. National Geographic will experience the highest number of job cuts, with about 60 roles being eliminated. The cable network industry is facing declining viewership, and the streaming business has become increasingly competitive. Disney’s CEO, Bob Iger, announced the plan to streamline operations in February 2023 amid economic uncertainty and pressur...
Manchester United faces massive layoffs as the club undergoes an overhaul
Manchester United faces massive layoffs as the club undergoes an overhaul
Humble Games team has reportedly been laid off due to restructuring
Humble Games team has reportedly been laid off due to restructuring
Pierer Pierer Mobility announces job cuts as sales drop
Pierer Pierer Mobility announces job cuts as sales drop
Salesforce reduces 300 jobs globally
Salesforce, a cloud-based software solutions provider, has reduced its workforce by up to 300 employees in July 2024 as part of its efforts to streamline operations, optimize its structure, and drive growth. The company did not specify which jobs or regions were affected. It’s interesting to note that Salesforce has experienced significant growth in Africa, particularly in South Africa and Morocco, where AI investments have yielded substantial returns. The company’s expansion in Africa is supported by strategic partnerships with firms such as Amazon’s cloud marketplace and collaborations with MTN, Vodacom, and Standard Bank. As of January 2024, Salesforce had 72,682 employees. Earlier this year, the company cut about 700 roles after a 10% reduction in the workforce at the...
1,000 positions to cut at Dyson’s offices in Britain.
1,000 positions to cut at Dyson's offices in Britain.
TCS’s attrition rate fell to 12.1% in the first quarter of FY25.
TCS's attrition rate fell to 12.1% in the first quarter of FY25.
Unacademy lays off 250 employees amid talks of a possible merger.
Unacademy lays off 250 employees amid talks of a possible merger.
Wipro fires 300 employees for moonlighting at competing companies.
Wipro fires 300 employees for moonlighting at competing companies.
Microsoft confirmed another round of layoffs across different teams.
Microsoft confirmed another round of layoffs across different teams.
Foxconn clarifies that 25% of its new hires are married women.
Foxconn clarifies that 25% of its new hires are married women.