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...

As demand for automotive and industrial semiconductors continues to weaken, European chipmakers NXP and STMicroelectronics are preparing for workforce reductions, according to reports from ijiwei and Bloomberg. As noted by the report from ijiwei, citing NL Times, Dutch semiconductor company NXP a...

According to a report from MoneyDJ, citing Japanese media outlet Yomiuri Shimbun, Japanese auto giant Nissan Motor plans to implement layoffs in Japan. The company is set to halt production of a commercial vehicle model at its Shonan plant in Kanagawa Prefecture, leading to hundreds of job cuts. ...

Major tech companies are preparing to announce a new wave of layoffs. According to CNBC, citing Bloomberg, Meta plans to reduce its workforce by 5%, focusing on employees classified as “lowest-performing.” Meta is not the only company taking such measures. Another report from CNBC, citing Bus...