labor
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Dell Cuts 6,600 Jobs as PC Sales Drop
Dell is following in the footsteps of the wider tech industry and is laying off around 6,600 positions. The company is citing a reduced demand for PCs — as well as the economy — for the decision.
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Intel Cuts Pay to Cut Costs
Layoffs are ravaging the tech industry due to the wildly abstract threat posed by “the economy,” but Intel is taking a different approach. Instead of laying off thousands of its workforce, the company has seemingly decided to make sweeping pay cuts from 5% to 25%.
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SoundHound Raises $US25 ($35) Million After Laying Off Nearly Half Its Employees
SoundHound, a voice AI company that laid off 40% of its employees earlier this month, announced Tuesday that it had successfully raised $US25 ($35) million in equity investment. That funding brings good news for the laid off staff, three of whom previously said what measly severance they were offered — just two weeks, no health…
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Google to Cut 12,000 Jobs, Its Largest Layoffs in History
Google told employees in an email on Friday that it would be cutting 12,000 jobs, or 6% of its global workforce, in its largest layoffs in company history.