Amazon plans to cut as many as 30,000 corporate jobs starting Tuesday morning, according to a new report from Reuters that cites three unnamed people familiar with the matter. Amazon has 1.5 million employees globally (1.2 million in the U.S.), but about 350,000 of those are corporate positions, according to Reuters. Cutting 30,000 corporate jobs […]
Intel’s Steady Decline Continues With 15% Cut to Staff and Scrapped Factory Plans
Intel CEO Lip-Bu Tan told employees in a staff-wide memo yesterday that the company plans to cut its workforce by roughly 15%—more than 25,000 jobs—aiming to end the year with about 75,000 employees worldwide. The cuts are part of the struggling chipmaker’s efforts to turn things around and compete in the booming AI market. Intel […]