European semiconductor heavyweight STMicroelectronics is facing mounting challenges on multiple fronts. As noted by The Wall Street Journal, the company plans to cut 2,800 jobs by 2027 in an effort to improve performance after several months of sluggish sales. STMicroelectronics stated that the job ...

Amid ongoing tech layoffs and geopolitical tension, rumors swirled that Microsoft would exit China in 2025 and cut around 2,000 jobs, based on a leaked internal email. But according to ijiwei and YiCai Global, the message came from Wicresoft—Microsoft’s outsourcing partner in Shanghai—not Micr...

According to a report from ijiwei, citing The Register, sources indicate that IBM is laying off thousands of employees across multiple locations in the U.S., with its Cloud Classic division being hit particularly hard. The report suggests that around 9,000 positions may be at risk, including 25% of ...

According to a report from ijiwei, citing CNBC and Reuters, Hewlett Packard Enterprise (HPE) has announced a layoff plan. The report states that HPE will lay off 2,500 employees in the next 18 months, accounting for approximately 5% of its workforce, including expected attrition. As of October 31, t...

According to a report from Daily Tidings, Microchip Technology has announced plans to lay off workers at its Oregon and Colorado facilities on the 3rd, citing weak financial performance caused by declining sales. As noted by the report, Microchip Technology's Gresham facility, Fab 4, employs appr...