Indian tech company TCS to cut workforce by 2%, affecting more than 12,000 jobs ReutersView Full Coverage on Google News Source link
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Intel confirms it will dramatically cut its workforce by the end of 2025
Intel provided more detail about the scope of its planned job cuts and other business changes while sharing its second-quarter earnings results. Reports in April suggested that Intel could eliminate around 20 percent of its staff in a restructuring plan. Today, the chipmaker said it anticipates having a core workforce of 75,000 employees by the end of 2025. It’s a …
Read More »USDA will relocate most of its D.C.-based workforce – The Washington Post
USDA will relocate most of its D.C.-based workforce The Washington Post USDA to relocate more than half of D.C. area employees under reorganization plan Federal News Network Outcry as US agriculture department to cut salaries and relocate staff The Guardian USDA to relocate thousands of staff outside Washington, consolidate dozens of offices Government Executive USDA’s D.C. shutdown could hurt rural America amid SNAP cuts, …
Read More »Intel to slash workforce by year-end as it forecasts steeper losses than expected
By Arsheeya Bajwa, Stephen Nellis and Max A. Cherney (Reuters) -Intel said on Thursday it plans to slash its headcount to 75,000 by the end of this year, down from 99,500 at the end of 2024 and laid out a blueprint of a more streamlined chip manufacturer. Shares of Intel jumped roughly 2% in extended trading. The Santa Clara, California-based …
Read More »Co-dev specialists Virtuos, which made this year’s Oblivion remaster, announces layoffs affecting 7% of workforce
Co-development services specialist Virtuos has confirmed rumours that it’s making hundreds of layoffs across its workforce, with around 200 roles in Asia and 70 in Europe affected. This amounts to approximately 7% of its global headcount. In a statement, the company said it’s “evolving to meet the needs of [its] partners and the industry”, saying it’s “realigning [its] global footprint …
Read More »Sarepta Therapeutics lays off one-third of workforce in drastic cost-cutting move
Adam Feuerstein is a senior writer and biotech columnist, reporting on the crossroads of drug development, business, Wall Street, and biotechnology. He is also a co-host of the weekly biotech podcast The Readout Loud and author of the newsletter Adam’s Biotech Scorecard. You can reach Adam on Signal at stataf.54. Sarepta Therapeutics laid off more than one-third of its workforce, …
Read More »State Dept layoffs necessary for ‘higher quality’ workforce, deputy secretary tells lawmakers
A top State Department official who oversaw widespread layoffs last week is defending the personnel cuts, telling lawmakers these decisions will produce a “higher quality” workforce to carry out the Trump administration’s foreign policy agenda. Michael Rigas, the deputy secretary of state for management and resources, told the House Foreign Affairs Committee that terminating more than 1,350 employees last Friday …
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