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NEWS TAGGED LAYOFFS
Friday 1 November 2024
Israeli R&D talents reportedly forced to leave amid Intel's turmoil
Following recent layoffs at its Hillsboro, Oregon research facility, Intel is reportedly planning to cut hundreds of employees across its research centers in Israel. The company's...
Monday 14 October 2024
US-sanctioned Hikvision reportedly undergoing layoff in RD department
Hikvision, a leading global manufacturer of security equipment provider sanctioned by the US, has been reported to be implementing large-scale layoffs. However, the company has denied...
Thursday 12 September 2024
Samsung reportedly plans major global job cuts; Chinese and Indian operations among first affected
Samsung is reportedly planning significant global job cuts, with its Indian operations expected to be among the first affected. The company is grappling with challenges in its semiconductor...
Wednesday 11 September 2024
Panram International to lay off nearly 50% of workforce after major customer ends outsourcing agreement
Panram International, a Taiwan-based memory module contract manufacturer, announced plans to lay off about 250 employees, nearly half of its total workforce, from its contract manufacturing...
Monday 2 September 2024
Bankruptcies plague China's chip startups, ushering in an era of 'survival of the fittest' through M&A
Despite the generative AI boom, uncertainty looms over the automotive, consumer mobile, and PC markets, leading to layoffs at major U.S. and European semiconductor companies like...
Tuesday 27 August 2024
IBM closes R&D department in China amid shift in business strategy and widespread tech layoffs
Following the recent revelation that IBM had closed the intranet access for employees in its Chinese research and development and testing departments, on the morning of August 26,...
Monday 19 August 2024
Intel's layoffs vs Samsung's labor disputes: shaping future semiconductor competition
Intel's underwhelming second-quarter 2024 financial results have prompted the company to announce plans to cut 15% of its workforce, approximately 15,000 employees, aiming to save...
Friday 16 August 2024
Struggling in the EV era: traditional Tier 1 suppliers face restructuring amid global challenges
Due to weaker-than-expected demand for electric vehicles (EVs), many traditional Tier 1 suppliers in Europe and the US have undergone significant restructuring in recent years.
Friday 16 August 2024
What Pat Gelsinger can learn from TSMC's last layoff during financial crisis?
In his 42 months as CEO of Intel, Pat Gelsinger recently issued an internal memo announcing layoffs, sharply criticizing Intel's deep-seated issues. He stated that Intel's "costs...
Tuesday 13 August 2024
Intel faces mounting challenges under Gelsinger
Since taking the helm in February 2021, Intel CEO Pat Gelsinger has grappled with mounting losses at the company's foundry division. A critical challenge is establishing Intel Foundry...
Friday 2 August 2024
Intel announces cost reduction plan, expects to reduce tile production outsourcing to TSMC in 2026
Intel has unveiled a cost reduction plan involving significant layoffs, substantial cuts in operating expenses, and a sharp reduction in capital expenditures (capex). The announcement...
Monday 20 May 2024
Tesla suffers crippling effect from charging team layoff before FSD comes to its rescue
After Tesla reported weaker-than-expected sales in the first quarter of 2024, CEO Elon Musk has taken several measures to maintain the company's leadership in the EV sector. However,...
Thursday 16 May 2024
Microsoft's China AI teams face relocation amid US tightened restrictions
Microsoft's headquarters has reportedly instructed the head of its China division to require its Chinese AI developers to either relocate to countries such as the United States and...
Wednesday 15 May 2024
AI rush sparks workplace woes: Amazon and Google under fire for workforce crunch
As tech giants race to maintain their edge in the AI competition, reports have emerged from current and former employees alleging widespread mismanagement issues within these compa...
Monday 13 May 2024
Tesla trimming charging team helps rivals catch up, benefiting Taiwanese suppliers
As Tesla lays off almost its entire team for charging business and slows charging station deployment, its competitors are poised to grow their market share and lure talents who left...
Colder Products Company
Samsung expands mobile phone production beyond Asian countries, says DIGITIMES Research
SLMs to increase presence in GenAI business opportunities, says DIGITIMES Research
Generative AI market to reach US$1.5 trillion by 2030 with Taiwan holds hardware advantage; software and services to see promising future, says DIGITIMES Research