Intel announce to cut 5% to 25% paycut of employees.

That’s steep. Omg 25% almost means a change in lifestyle

Product Marketing Manager

25% is for ceo.. most of the people are in 5% pay decrease range

Software Engineer

Project Coordinator

Intel announce paycut after layoff 340 people. Can anyone confirm this.

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Intel paycut

Intel paycut- Grapevine

Hello all any updates on layoffs at Intel? News says 15000 globally

Investor

https://www.theverge.com/2024/8/1/24210656/intel-is-laying-off-over-10000-employees-and-will-cut-10-billion-in-costs

Intel to layoff 15000

Software Developer

Welcome to IT Company Discussion's Private Community

https://www.linkedin.com/posts/abelcak_intel-announced-its-cutting-15000-jobs-activity-7225124684147687425-Uxeb?utm_source=share&utm_medium=member_android

Intel laying off 15K People

Human Resources

Intel to cut 15000 Jobs

I've been hearing about layoffs at intel. Can someone confirm?

Anyone here from intel?

Staff Engineer

Have Ibm and Intel started layoffs in India??

Intel/IBM layoff

Product Owner

Welcome to Software Engineers's Private Community

Week back there were posts by linkedin engineers that linkedin is hiring SDEs and anyone can as referral and today they laid off 700 people.

Like whats happening man!!! Is the company dumb or what?

LinkedIn Layoffs India

(1) Reduce cost of human capital -> (2) Post better EBITDA numbers in earnings calls -> (3) Get big bonuses and sell your equity if its value is rising -> (4) Hire a lot of people again so that you can repeat this cycle again to profit

LinkedIn started layoff after Microsoft cut jobs in xbox, surface and hololens projects.

LinkedIn Layoff

Apparently 1k Were made Under Performs and laied off 
Is this True ?

Intuit Layoffs

https://www.sfchronicle.com/tech/article/apple-tech-layoffs-19386392.php

614 Layoffs @Apple

Engineering Manager

Lam research fired 13000 employees. Is this news correct? 

Firing employees started in semiconductor industry as well?

Lam Research Layoff

Extremely sad. Labelling laid off folks as underperformers in public. Getting hired in this market would be a huge challenge for them now.

Analyst

Intuit Layoffs 1800 people

Generalist

Dell to layoff 6500 employees, cut 5% of workforce.

Dell Technologies Layoff

Is there any recent layoff at Simpl
Seeing many people posting for open to work

layoff at Simpl ?

Corporate Strategist

Welcome to Fintech India's Private Community

1. some people are pressured into resigning under the guise of poor performance, despite years of dedication.
2. sudden demand for employees to work from the office on specific days, hinting at wanting people to quit on their own.
3. layoff happening as reported by media (and internal group on grapevine), still unclear on how deep the cut will be can be from 20% or above; numbers are speculative, lets wait and watch, many have started getting the calls from HR; shabbily handled.
4. let's not talk about increments 🤡

🤞🏻 lets see what happens today and in the next few weeks; hope things become better

Here is what is happening at Paytm

https://www.moneycontrol.com/news/business/cognizant-says-revenue-will-decline-in-2023-to-lay-off-3500-employees-10523261.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Cognizant to layoff 3500 Employees

Founder

People from mid and top management (with fat paycheques) across org laid off on friday & today. About 100-120 people affected. 

Source: Heard from a friend. + mentioned in the Cross org emails by mukesh

Layoffs at cult.fit & cultsports

Product Designer

Heard with some people working there. They have asked many employees to start looking for other jobs. 
If any other person working there can confirm.

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