Category: lay
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Intel Israel to lay off several hundred after holidays
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Intel’s downsizing is moving quickly. After completing the voluntary retirement phase, which allowed Intel employees to leave and receive a bonus of up to 19 salaries, the American chip giant has now moved to the next phase. Last Tuesday, according to reports in the US, Intel began firing more than…
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Bending Spoons to lay off 75% of WeTransfer staff post deal, CEO says By Reuters
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Italian app developer Bending Spoons will lay off 75% of its staff at file-sharing platform WeTransfer, Luca Ferrari, CEO of the company, said in a statement on Sunday. “I will not be more specific at this stage as the period of redundancies has not yet been fully defined,” Ferrari said…
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Goldman to lay off a few hundred employees in annual talent review, source says By Reuters
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Written by Manya Saini (Reuters) – Goldman Sachs plans to cut several hundred jobs as part of an annual review process targeting underperforming companies, a person familiar with the matter told Reuters on Friday. The investment bank has reintroduced performance-related job cuts in 2022 after a two-year pause due to…
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Intuit shares slip as company plans to lay off 10% of global workforce By Investing.com
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(Updated – July 10, 2024 at 9:15 AM EST) gut instinct Nasdaq Inc. (NASDAQ:NASDAQ) plans to lay off about 1,800 employees worldwide, or 10% of its workforce, according to a news release Wednesday. The move is not intended to cut costs, according to the announcement. The company’s shares fell 1.8%…
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Want to lay off staff? Here’s why it might be bad for your business
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Earlier this year, an old story about former Nintendo CEO Satoru Iwata went viral, praising him after his death for agreeing to take a 50 percent pay cut rather than lay off employees. But why is a story from 2013 suddenly making headlines? Perhaps because it offers a stark contrast…
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Rapyd to lay off 30 and replace them overseas
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Israeli digital payments company quickly The company is laying off 30 employees, representing about 4% of its 790-employee workforce. Most of those fired are programmers, according to a source familiar with the details. Those who are fired will be replaced by teams in Eastern Europe, South Africa and elsewhere where…
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Shufersal to lay off 150
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“As part of the process of studying the company’s needs, it was decided to implement resource adjustments in the workforce situation,” said Shuversal. The largest supermarket chain in Israel Shufersal Company Limited (level:Sai) Under new owners Yossi and Shlomi Amir it is being streamlined. After 100 employees were summoned to…
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Disney’s Pixar Animation to lay off about 14% of workforce By Reuters
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By Don Chmielewski (Reuters) – Pixar Animation Studios, which produced classic films such as Toy Story and Up, began laying off about 14% of its workforce on Tuesday as development of the original broadcast series is scaled back, according to a source familiar with the development. Approximately 175 people will…