Intel Forecast Spurs Expense and Jobs Cuts

April 24, 2025, 4:35 pm

Intel’s latest earnings report revealed a gloomy outlook, prompting plans to trim operational, capital expenses and workforce cuts. The disappointing guidance sent investors scrambling for reassurances, as the chip giant grapples with slowing demand and competitive pressures. A series of reports confirm that internal management isn’t sparing any expense cuts—even if it means more layoffs.

tomshardware.com / Intel CEO announces layoffs, restructuring, $1.5 billion in cost reductions, expanded return to office mandate

techcrunch.com / Intel mandates four days in the office

wsj.com / Intel Cuts Outlook, Says Layoffs Are in Store

permalink / 7 stories from 7 sources in 1 hour ago #earnings #intel #semiconductor #restructuring #ceo +

NSF Director Resigns Amid Deep Budget Cuts and Job Losses

April 24, 2025, 3:20 pm

In a dramatic shakeup, the NSF director has resigned as the agency faces a staggering 55% budget cut and mass layoffs instituted by the Trump administration. The abrupt departure and accompanying grant terminations have left the science community questioning the future of federal research funding.

arstechnica.com / NSF director resigns amid 55% budget cut, mass layoffs from Trump admin

theinformation.com / Motorola and Perplexity Announce App Distribution Deal - The Information

science.org / NSF director to resign amid grant terminations, job cuts, and controversy

permalink / 3 stories from 3 sources in 2 hours ago #science #government #trump #layoffs #budgeting +

Meta Restructures Reality Labs, Slashes Oculus Jobs

April 24, 2025, 3:20 pm

Meta’s latest restructuring has triggered significant layoffs across its Reality Labs division, including cuts at Oculus Studios and associated hardware teams. Facing mounting financial pressure, the company is slimming down its operations in a bid to restore efficiency amid a challenging market.

Bluesky: @davelee.me

cnbc.com / Meta lays off employees working on virtual reality in Reality Labs division

winbuzzer.com / Meta Cuts Jobs at Reality Labs/Oculus Studios Amid Financial Strain

techcrunch.com / Meta conducts layoffs in Oculus Studios, impacting VR exercise app Supernatural

permalink / 5 stories from 5 sources in 2 hours ago #hardware #meta #layoffs #reality-labs #oculus-studios +

China Demands Tariff Cancellations Amid Trade Talk Stalemate

April 24, 2025, 7:20 am

Chinese officials have dismissed reports of any progress in trade negotiations with the US, demanding that all unilateral tariffs be scrapped before meaningful dialogue begins. The tough talk amplifies market uncertainty and underscores Beijing’s unwillingness to compromise on its tariff conditions.

zerohedge.com / "Our Export Orders Disappeared": Chinese Factories Shutting Down, Laying Off Workers, FT Finds

androidheadlines.com / Apple tariffs face new uncertainty as Trump backtracks again

zerohedge.com / Fake It Till Trump Makes It

permalink / 7 stories from 4 sources in 10 hours ago #china #tariffs #trade-policy #international #uschinatrade +

Intel Restructures Amid Jobs Cuts and Revenue Decline

April 22, 2025, 11:20 pm

Reports indicate that Intel is bracing for a major overhaul as the chipmaker prepares to slash more than 20,000 jobs—roughly 20% of its workforce—amid its fourth straight revenue slump. CEO Lip‐Bu Tan is spearheading this aggressive restructuring to stem the tide of mounting business challenges.

Reddit: r/business

androidheadlines.com / Intel's upcoming layoffs to affect 20% of its staff, report claims

zerohedge.com / Intel Reportedly Slashing Workforce To 2007 Levels

winbuzzer.com / Report: Intel to Cut Workforce by More than 20% This Week

permalink / 9 stories from 8 sources in 42 hours ago #chips #earnings #technology #business #leadership +