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...

Power chipmakers are grappling with the downturn in the automotive chip market. According to a Bloomberg report, STMicroelectronics NV CEO Jean-Marc Chéry is facing pressure from the Italian government to step down, citing poor performance as the primary reason. The report also highlights that t...

Major auto companies have announced layoffs. According to a report from Reuters, citing sources, Porsche AG has decided to cut an additional 1,900 jobs across the company in the next four years after determining that a previously implemented program was insufficient. As noted by the report, Porsc...