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Recent #Layoffs news in the semiconductor industry

weixin
8 months ago

Hangzhou Hikvision Responds to Mass Layoffs: Business Strategy Adjustment, Regional R&D Employees Face Lack of Business After the Spring Festival

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.

Business StrategyHikvisionLayoffs
koreaherald
8 months ago

Samsung Tightens Its Belt Amid Crisis Winds

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.
LayoffsSamsung
weixin
9 months ago

Apple's Strategic Shift: Layoffs in Digital Services Division

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.
AppleDigital ServicesLayoffs
weixin
10 months ago

Intel Offers €500,000 Severance Package in Ireland

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.
IntelIrelandLayoffs
seekingalpha
10 months ago

Cisco: Remaining Bullish Despite Low Expectations For Q4 Earnings

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.
Layoffscybersecurityearnings