A federal judge rejected an emergency request on Tuesday to stop billionaire Elon Musk and his department of government efficiency (DOGE) from firing federal employees and accessing agency data.This move bolstered US President Donald Trump’s plan to cut government spending, as he called for large-scale reductions across several departments and agencies. Thousands have already lost…
Meta CEO Mark Zuckerberg warned employees to “buckle up” for an “intense year” during Thursday’s company-wide meeting, emphasizing artificial intelligence developments and addressing recent controversial policy changes.The meeting marked significant changes to Meta’s internal communication format, with the company disabling comment features and hiding question rankings due to concerns about leaks.”We try to be really…
This week in tech, significant developments made headlines across the globe. The tech industry continues to face challenges, with over 149,000 workers losing their jobs in 2024 amid economic headwinds. Intel announced the retirement of its long-serving CEO, Pat Gelsinger, signaling a major leadership shift at the semiconductor giant. On the cybersecurity front, the Indian…
Bosch is planning to lay off 7,000 employees in Germany, mainly in the automotive supply sector, tools division, and BSH subsidiary. Despite aiming for a major acquisition of Johnson Controls worth $8 billion to boost its position in the heat pump and air conditioning industry, Bosch will not achieve its 2024 economic goals. Bosch is…
General Motors is laying off more than 1,000 salaried employees globally in its software and services division, the company confirmed on Monday. The job cuts, which include about 600 positions at GM’s tech campus near Detroit, come as part of a review to streamline operations in the unit.“As we build GM’s future, we must simplify…
The wave of tech industry layoffs persisted through July 2024, with over 8,000 professionals across 34 technology companies lost their jobs this month. The total layoff count for 2024 has now reached 124,517 employees from 384 companies worldwide. Intel mass layoffs, over 15,000 employees to let go Intel is laying off over 15,000 employees, representing…
Bengaluru: Google has recently laid off 200 employees from its core teams as part of a reorganisation effort, according to a report by CNBC. The restructuring will involve shifting some of the roles to India and Mexico. Affected employees will have the opportunity to apply for open positions within the company.Documents reviewed by CNBC revealed…
Ripples from the recession in Europe and the US continue to rock Gujarat’s textile and chemical sectors. The clouds of job losses are looming over these labour-intensive industries. A bad debt cycle triggered by low demand, shrinking working capital, high input costs and stretched payment cycles has forced companies to cut costs. The textile industry…
