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Category : Search result: Intel layoffs
Novo Nordisk cuts 9,000 jobs amid Ozempic competition
Danish pharmaceutical giant Novo Nordisk announces major restructuring, cutting 9,000 jobs globally. The move comes as competition intensifies in the lucrative weight-loss and diabetes drug market, challenging its blockbuster medications Ozempic and Wegov
ANZ and NAB Slash Hundreds of UK Banking Jobs in Major Restructure
Exclusive: Two of Britain's leading banks, ANZ and National Australia Bank, announce significant job cuts as part of a major operational restructuring, affecting hundreds of UK banking staff.
ANZ Bank to axe thousands of jobs in major restructuring
ANZ Bank announces a massive restructuring plan, slashing thousands of jobs in Australia to cut costs and boost efficiency. The move signals a major shift in the banking sector's operational strategy.
Atlassian Axes 5% of Staff in Major AI Restructuring
Australian tech giant Atlassian, co-founded by billionaire Mike Cannon-Brookes, is laying off 5% of its staff in a strategic pivot towards artificial intelligence, impacting hundreds of employees globally.
ConocoPhillips Axes 25% of UK Oil Workforce
US oil giant ConocoPhillips has announced deep cuts to its British operations, slashing a quarter of its UK workforce. The move signals a major shift in the North Sea energy landscape and raises concerns about the future of the region's oil industry.
Kroger Announces Major Job Cuts in Supermarket Restructuring
Exclusive: US supermarket titan Kroger confirms significant job cuts across multiple departments, leaving staff 'devastated' as it streamlines operations ahead of proposed merger with Albertsons.
Zuckerberg's £75M gift to guard called 'tone-deaf'
Meta CEO Mark Zuckerberg faces backlash for gifting his security chief a reported £75 million package, including a luxury home, as tech layoffs continue. Critics brand the move 'obscene' and 'out of touch'.
Ford Eliminates 1,400 Jobs in US Electric Vehicle Restructuring
Ford Motor Company announces significant job cuts, eliminating 1,400 positions across Michigan and New York as part of its strategic shift toward electric vehicle production.
UK Grocery Chain Closes 60 Stores in Mass Layoffs
A prominent UK supermarket chain is set to close 60 stores and cut hundreds of jobs in a drastic restructuring plan aimed at reducing costs and adapting to changing consumer habits.
ESPN SportsCenter axes veteran anchors Everett and Verrett
Long-serving ESPN SportsCenter anchors Stan Verrett and Neil Everett are departing the network as part of a significant programming overhaul, marking the end of an era for the flagship show.
CBS News axes Gayle King in major Paramount restructuring
Exclusive report: CBS News makes dramatic cuts, parting ways with broadcasting icon Gayle King and executive Neeraj Khemlani in a sweeping overhaul by parent company Paramount Global.
Major Manufacturer Closes California Factory After 78 Years
A landmark US manufacturing firm closes its California factory after 78 years, laying off hundreds of workers and dealing a severe blow to the state's industrial sector amid a growing business exodus.
Musk's X settles £400m discrimination case with ex-Twitter staff
X Corp, formerly Twitter, agrees to a massive settlement after a US judge found 'overwhelming' evidence of targeting older and disabled employees in mass layoffs following Musk's takeover.
UK TikTok Jobs Axed in Global Safety Team Shake-Up
Hundreds of TikTok's UK-based trust and safety roles are at risk as the video-sharing giant launches a major global restructure, leaving employees devastated.
TikTok Slashes Hundreds of UK Jobs in Major Restructure
TikTok has announced a significant restructuring of its UK operations, resulting in hundreds of job losses. The move impacts sales and advertising staff as the tech giant streamlines its European business.
Musk Must Face $500m Twitter Severance Lawsuit, Judge Rules
A US federal judge rules that Elon Musk must confront a lawsuit alleging he refused to pay at least $500 million in severance to thousands of Twitter employees he dismissed after his $44 billion acquisition. The case advances as the court finds credible c
US jobless claims hit 231,000, highest since August
New data shows a significant jump in US unemployment benefit applications, signalling a potential cooling of the labour market. However, the overall pace of layoffs remains subdued, pointing to a resilient economy.
Intel-SoftBank deal under US government scrutiny
Intel and Japan's SoftBank have announced a groundbreaking partnership, raising eyebrows in Washington as the US government monitors the deal closely.
Wall Street rallies on Powell's rate cut signals
Wall Street rallies after Fed Chair Jerome Powell hints at future rate cuts, sparking optimism in global markets. Intel shares and Asian indices show mixed reactions.
SoftBank invests £2bn in Intel amid UK property tax plans
Japanese tech giant SoftBank pours £2bn into Intel while the UK government considers a new property tax aimed at reducing costs for expensive home buyers.
Intel's $5.4B Tower Semiconductor Deal Collapses
Intel's planned acquisition of Tower Semiconductor for $5.4 billion has fallen through due to regulatory challenges, dealing a blow to CEO Pat Gelsinger's expansion strategy.
CBS News axes anchors in format shake-up
CBS News announces major changes to its evening broadcast format, resulting in the departure of two prominent anchors. Discover the details behind this dramatic restructuring.
Qantas fined £66m for pandemic staff sackings
Australia's national airline Qantas has been slapped with a hefty fine for unlawfully dismissing workers during the COVID-19 crisis. Discover the full story behind this controversial decision.
Qantas fined £90m for illegal pandemic sackings
Australia's flagship airline Qantas has been ordered to pay a staggering £90 million penalty after unlawfully terminating 1,700 ground staff during the COVID-19 crisis.
Intel shares surge on Trump stake report
Intel's stock price skyrocketed following reports that the Trump administration is exploring a potential stake in the semiconductor giant. Here’s why this move could reshape the tech industry.
Post-Video parent announces major layoffs in restructuring
A leading social media platform has announced sweeping job cuts as part of a strategic overhaul, raising concerns about the future of digital content moderation.
Sweetgreen cuts jobs as healthy fast food sales decline
US salad chain Sweetgreen announces layoffs as sales slump, raising questions about the future of premium fast-casual dining.
Trump: Samsung may replace Apple as US tech partner
Former US President Donald Trump suggests Samsung might replace Apple as a key US tech partner if he wins the 2024 election, criticising Apple's reliance on China.
Intel CEO resigns amid US-China trade tensions
Intel's CEO Lip-Bu Tan steps down as US-China tensions escalate, raising concerns over global tech supply chains and corporate leadership stability.
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