layoffs

Intel cuts 15,000 jobs, posts $1.6 billion loss just months after receiving Biden funding

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Intel cuts 15,000 jobs, posts $1.6 billion loss just months after receiving Biden funding

Chipmaker Intel Corp. is cutting 15% of its massive workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals such as Nvidia and AMD. In a memo to staff, Intel CEO Pat Gelsinger said Thursday the company plans to save $10 billion by 2025. “Simply … Read more

Exclusive | ABC News, ‘GMA’ staff braces for layoffs as Disney seeks budget cuts: sources

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Exclusive | ABC News, 'GMA' staff braces for layoffs as Disney seeks budget cuts: sources

ABC News employees are bracing for big cuts as the Disney-owned network slashes budgets — even those at top-rated “Good Morning America” ​​on the chopping block, The Post has learned. The House of Mouse has asked “GMA” to cut its bottom line by $19 million, from previous projections of $17 million, before Disney’s fiscal year … Read more