➀ Intel plans to cut several hundred jobs at its Israeli R&D centers; ➁ The layoffs are part of Intel's cost-cutting efforts; ➂ Employees are leaving for Nvidia and other tech companies.
Recent #Layoffs news in the semiconductor industry
➀ 3PEAK, a domestic analog IC listed company, announced the dissolution of its MCU team, impacting approximately 80 employees, including some former members of the 2022 TI China MCU R&D team.
➁ The dissolution involves DE, AE, PM, and related positions, with most DE transferred internally to signal chain and PMS product lines.
➂ The move has garnered widespread attention from investors and industry analysts, with many speculating on the reasons and potential impact on future investments.
➀ Nokia is laying off nearly 2,000 employees in Greater China, accounting for about 20% of its workforce in the region, and plans to cut another 350 jobs in Europe to reduce costs.
➁ The company's sales in China have been declining in recent years as domestic communication manufacturers have grown, leading to a reduction in contract numbers with major Chinese operators.
➂ Nokia's CEO Pekka Lundmark said the company would not cut costs at the expense of research and development output and was pleased with the speed of cost reduction.
➀ Intel has begun laying off 1,300 workers from its Gordon Moore Park facility in Oregon.
➁ The layoffs are part of a broader plan to reduce the company's workforce by 15,000 workers globally.
➂ This represents over 5% of Intel's workforce at Gordon Moore Park.
➀ Hikvision is undergoing a large-scale organizational adjustment, reducing 32 research areas to 12, with over 1,000 employees expected to be laid off.
➁ The layoffs will include an N+2 compensation package.
➂ The company denies widespread layoffs, stating it is an adjustment in business strategy.
➃ Despite the denial, the company's performance has been slowing in recent years.
➄ In 2023, the company's revenue growth was only 7.4%, and net profit growth was around 10%.
➅ Hikvision has grown from a video technology company to an AIoT technology company over 20 years.
➀ Intel plans to complete layoffs of approximately 15,000 employees by the end of the year.
➁ Layoffs in Israel are scheduled to take place in the last week of October.
➂ Early retirement options were offered to experienced employees, resulting in many of them leaving the company.
➀ Hikvision responds to rumors of mass layoffs, stating that it is a business strategy adjustment rather than a layoff.
➁ The company is restructuring its regional R&D departments, reducing from 32 to 12.
➂ The layoffs do not involve core R&D business, and employees are receiving n+2 compensation.
➃ Hikvision is also adjusting its senior management, aiming for younger leadership.
➄ The company's revenue growth has slowed, and it is facing challenges in the public security industry.
➅ Hikvision is investing in innovative businesses to drive revenue growth.
➀ Samsung Electronics is implementing austerity measures, reducing headcounts, and downsizing celebratory events; ➁ Bloomberg reports a potential 10% layoff of its overseas staff; ➂ Samsung has already laid off 10% in India and parts of Latin America; ➃ Samsung's workforce adjustments are viewed as routine by the company; ➄ Declining performance in core products such as memory chips and home appliances; ➅ Samsung's chip division recorded a significant operating profit loss in 2023; ➆ Global smartphone market competition impacting sales of Galaxy Z Fold 6 and Galaxy Z Flip 6; ➇ Samsung's home appliance sales are also decreasing; ➈ Samsung shares hit a new low in the past 52 weeks; ➈ Market analysts are lowering earnings prospects for Samsung.
➀ Deity Pioneer, a domestic GPU manufacturer, announced its dissolution on August 30, laying off all 400 employees. ➁ The company had previously faced financial difficulties, including layoffs of fresh graduates and salary reductions. ➂ Despite launching two GPU products, the company failed to gain market recognition and ran out of funding, leading to its closure.
➀ Apple has laid off approximately 100 employees in its digital services division, indicating a strategic shift in business focus. ➁ Affected employees have been given 60 days to find another position within Apple. ➂ The largest layoffs were in teams responsible for Apple Books and Apple Bookstore, suggesting a reduced emphasis on these services. ➃ Other service teams, including those operating Apple News, have also been impacted. ➄ This move follows multiple rounds of layoffs in 2024, affecting various projects and departments within the company.
➀ Intel offers a voluntary severance package of €500,000 to employees in Ireland. ➁ Employees must apply by August 23, with approval notifications on September 6 and departure on September 30. ➂ Intel plans to cut 15% of its Irish workforce, potentially affecting 730 employees. ➃ The company reported a net loss of $16 billion in Q2 2024, with disappointing revenue guidance for Q3 2024. ➄ Intel plans to reduce capital expenditures by over 20% for new factories and equipment in 2024.
1. Cisco is expected to report earnings this week with low expectations due to recent layoffs and weak IT spending. 2. The company remains optimistic in the long term due to its high-quality business model, attractive valuation, and growing software and cybersecurity operations. 3. The stock is trading at a discounted valuation with low expectations, potentially offering a good entry point for long-term investors.
❶ Intel is reportedly planning to lay off thousands of employees to cut costs and fund R&D projects aimed at regaining market share. ❷ The layoffs could be announced as early as this week, according to anonymous sources. ❸ Intel's CEO, Pat Gelsinger, has been investing heavily in technology to compete with rivals like AMD and Nvidia.
1. Dyson may lay off up to 1,000 UK staff out of a total of 3,500. 2. CEO Hanno Kirner cited the need for organizational changes due to fierce global competition and accelerating innovation. 3. The company will support affected employees through the redundancy process.
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