Seagate has ended its most recent financial quarter on a high note with the company beating its own revenue and profit expectations. But it also announced it will lay off 6,500 workers.
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In Intel's earnings report today, the firm announced that it intends to lay off 12,000 employees, or 11% of its total workforce. It will also be taking a $1.2 billion restructuring charge.
According to the latest reports, the giant chip company is struggling in the market and may lay off a significant number of people soon. Not only that, but the company might be splitting in two.
Remember those 2nd round of layoffs Microsoft started as part of its plan to cut 5,000 jobs? Well it seems that not only were individual employees were affected, but entire products as well. According to...
Remember when Microsoft first announced it was going to eliminate 5,000 jobs by June 2010? Well it looks like the second round of those lay offs are starting today by cutting 3.000 more of those...