layoffs | World Briefings

IBM Shuts Down R&D in China, Laying Off Over 1,000 Employees: Is This a Sign of Things to Come?

Business

IBM Shuts Down R&D in China, Laying Off Over 1,000 Employees: Is This a Sign of Things to Come?

US computing giant IBM has reportedly shut down its research and development (R&D) operations in China, joining a slew of...

Hearst Television Lays Off Dozens of Employees at Very Local Streaming Service

Business

Hearst Television Lays Off Dozens of Employees at Very Local Streaming Service

The media industry continues to face headwinds, with another round of layoffs impacting Hearst Television's streaming service Very Local. Dozens...

Intel Cuts 15,000 Jobs as Chipmaker Struggles in AI Race, Losing $32 Billion in Market Value

Business

Intel Cuts 15,000 Jobs as Chipmaker Struggles in AI Race, Losing $32 Billion in Market Value

Intel, the iconic chipmaker that helped power the PC revolution, is facing a turbulent era as it grapples with declining...

Intel Stock Plunges 19% After Layoffs, Dividend Suspension & Earnings Miss

Business

Intel Stock Plunges 19% After Layoffs, Dividend Suspension & Earnings Miss

Intel, the chip giant, announced a sweeping $10 billion cost-reduction plan that includes laying off over 15% of its workforce...

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