Intel's New CEO Unveils Major Restructuring with Layoffs and Enhanced Office Mandate
Intel's CEO Lip Bu-Tan announces sweeping changes including workforce reductions, $1.5B cost cuts, and stricter return-to-office policies. The transformation plan aims to eliminate bureaucratic layers and shift focus to engineering excellence as Intel positions for future competitiveness.
Meta Cuts Jobs in Reality Labs Division as VR Business Struggles
Meta implements layoffs across its Reality Labs division, affecting VR and AR teams including Oculus Studios and Supernatural. Despite strong Ray-Ban smart glasses sales, the division faces mounting losses as Quest headset sales decline and restructuring efforts continue.
Intel Plans Historic 20% Workforce Cut Amid Strategic Overhaul
Intel is preparing to announce over 20,000 job cuts globally this week as new CEO Lip-Bu Tan aims to streamline operations and restore engineering focus. The semiconductor giant's dramatic restructuring follows declining sales, losses, and mounting competitive pressures in the AI chip market.
Job Market Anxiety Soars as U.S. Workers Face Record-Breaking Layoffs
A staggering 81% of American workers fear job loss in 2025 amid the highest monthly layoffs since COVID-19. With over 275,000 job cuts in March alone, employees are adopting a 'stay put' mentality while focusing on skill development to remain competitive.
Federal Job Cuts Hit Record Levels as DOGE Leads Historic Workforce Reduction
U.S. layoffs soared 205% in March, marking the third-highest month for job cuts on record with over 275,000 positions eliminated. The Department of Government Efficiency (DOGE) spearheaded the surge by terminating more than 216,000 federal employees, causing widespread disruption to government services.
AI Revolution Sparks Global Job Crisis: Automation Wave Threatens Workforce Stability
The widespread adoption of artificial intelligence is causing unprecedented job losses across industries, from entry-level to professional roles. Companies cite efficiency and cost reduction as key drivers while workers face displacement, highlighting the urgent need to balance automation with employment stability.
Cleveland-Cliffs to Idle Dearborn Steel Plant, Laying Off 600 Workers Amid Auto Industry Slowdown
Major steel manufacturer Cleveland-Cliffs announces plans to idle operations at its Dearborn facility, resulting in 600 layoffs due to weak automotive production. The company maintains optimism about future U.S. trade policies while adapting to challenging market conditions.
IBM Announces Major Restructuring with 9,000 US Job Cuts
IBM plans to eliminate approximately 9,000 positions across the United States, heavily impacting its Cloud Classic operations and multiple departments. The restructuring comes amid mixed financial results and coincides with mandatory return-to-office requirements and CEO compensation increases.
White-Collar Workers Face Growing Job Insecurity Despite College Degrees
Recent corporate layoffs and rising unemployment among college graduates signal a concerning shift in white-collar job security. Companies are reducing headcount amid economic pressures and AI adoption, challenging the traditional employment advantages of higher education.
Starbucks Slashes Jobs and Menu in Major Corporate Overhaul
Starbucks announces plans to cut over 1,000 corporate jobs and simplify its menu by 30% amid declining sales and operational challenges. Under new CEO Brian Niccol, the coffee giant aims to revitalize its brand identity and improve customer experience through streamlined operations.