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Layoffs

20 stories about Layoffs

Intel's future in limbo following key three-day board summit

12.09.24|Omer Kabir

With the company in turmoil, drastic options like asset sales and project delays are on the table.

Intel may lay off over 1,000 employees in Israel as global cuts begin

10.09.24|Meir Orbach

Major workforce reductions come as Intel pushes for $10 billion in savings worldwide.

אמנון שעשוע מייסד ומנכ"ל מובילאיי

Mobileye drops lidar development, axes 100 jobs to save $60M

09.09.24|Sophie Shulman

Cost-saving measures and evolving technologies force the autonomous leader to rethink sensor strategies.

מימין מנכ"ל אינטל העולמית פט גלסינגר ונשיא ומנכ"ל מובילאיי אמנון שעשוע

Intel weighs selling part of Mobileye to raise much-needed capital

Amid revenue declines and market pressures, Intel is considering selling part of its 88% stake in the Israeli automated driving systems provider.

מטה אינטל ב קליפורניה

Intel races against time to complete layoffs amid financial losses

Failed Broadcom chip test threatens foundry plan as Intel looks to 2027.

מארק צוקרברג nמטא משקפי קווסט Quest

Meta ends global AR chip development, shuts down Israeli operations

04.09.24|Meir Orbach

The process of winding down its AR chip operations began in October of last year when Meta started laying off employees globally in this division.

מנכ"ל אינטל פט גלסינגר משיק שבב AI גאודי 3

Intel faces Dow Jones ouster: Is Nvidia set to take its place?

03.09.24|Reuters

With Intel's shares down more than 70% from a record high in August 2000, the Dow may turn to Nvidia as the new tech heavyweight.

מנכ"ל אינטל פט גלסינגר 2 אפריל 2024

Intel's CEO to unveil aggressive cost-saving measures at pivotal board meeting

02.09.24|Reuters

Gelsinger’s strategy could include selling Altera and freezing factory expansions.

משרדי אינטל ב פתח תקווה

Intel ends car leasing program in latest cost-cut

01.09.24|Meir Orbach

The chip giant’s Israel management is aiming to save around $3.3 million by axing leasing as part of a broader layoff prevention strategy.

חלקי רחפנים שהודפסו במדפסות תלת-מימד של סטרטסיס מוצגים בדוכן של החברה בתערוכה בדבאי

Stratasys to lay off 15% of workforce as part of $40M cost-cutting plan

29.08.24|Meir Orbach

Around 300 employees are set to leave the Israeli 3D printer manufacturer.

Intel's layoff plan enters new phase after voluntary retirement program closes

28.08.24|Meir Orbach

With initial retirements complete, Intel focuses on additional layoffs and operational scaling.

ג'נרל מוטורס ישראל

GM lays off dozens in Israel as part of worldwide job cuts

20.08.24|Meir Orbach

The layoffs affect GM's critical software and services sectors, with a global impact.

Omer Granot Localize

Proptech startup Localize shuts down US operations amid real estate crisis

19.08.24|Meir Orbach

The volume of real estate transactions in the US has decreased significantly in the last two years, leading to a reduction in the company's activities that provide data tools for apartment buyers and agents. However, sister company Madlan's activities in Israel will continue as usual.

שלמה גדות מנכ"ל פרסלו

Chip company Inuitive laying off 20% of workforce as CEO retires

15.08.24|Meir Orbach

Inuitive, which focuses on 3D imaging, has raised approximately $200 million to date.

משרדי DayTwo משרדים שטוחים

Healthtech startup DayTwo shuts down

13.08.24|Sophie Shulman

Once one of the most promising medical startups in Israel, DayTwo raised $85 million in total, but failed to navigate market challenges.

$סיסקו cisco (צילום: Ken Wolter\ שאטרסטוק)$

Cisco set to cut thousands more jobs as part of AI and cybersecurity focus

11.08.24|Reuters

As Cisco refocuses its business, another round of significant layoffs looms for the networking giant.

פט גלסינגר מנכ"ל אינטל ה עולמית

Up to 19 months of pay: What Intel is offering employees for early retirement

Employees with five years of service will receive four months' salary, those with over 10 years will be entitled to 10 months' salary, and employees with more than 30 years of service will receive 19 months' salary upon retirement.

Intel laying off more than 15% of workforce, cutting costs by $10 billion

02.08.24|Omer Kabir

The chip giant said it will part ways with around 15,000 employees globally by the end of the year after registering a loss of $1.6 billion in the second quarter of 2024.

פט גלסינגר אינטל

Intel’s mass layoffs: A desperate move that might not be enough

01.08.24|Omer Kabir

Cutting thousands of jobs may offer temporary relief, but Intel’s long-term outlook remains shaky.

בניין אינטל ב חיפה

Intel to layoff thousands of employees in latest round of cutbacks

31.07.24|Omer Kabir

According to a Bloomberg report, the chip company could present the plan as early as this week.

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