Latest news with #Intel
Time of India
30 minutes ago
- Business
- Time of India
US tech giants announces mass layoffs in 2025: From Amazon to Meta here is the complete list of top companies
Tech giants layoffs in 2025: Amazon, Microsoft, Meta, Intel and a wave of other tech giants have unleashed one of the most significant mass layoffs of 2025, cutting tens of thousands of jobs in a bold drive towards AI-driven efficiency. With Intel culling over 21,000 roles, Microsoft entering its third round of reductions, and Meta trimming staff by 5%, the pattern reflects a broader shift in the tech industry's priorities. As businesses streamline and reinvest in artificial intelligence, many employees find themselves unexpectedly impacted. For consumers and investors, these changes signal shifting strategies and organisational dynamics in the world's leading technology companies. Read on to explore who's affected, what's driving the cuts, and how these moves are reshaping the future of tech. Why so many layoffs in 2025? After two years of massive job cuts in IT, media, finance, manufacturing, retail, and energy, some corporations have declared big layoffs in 2025 as AI reshapes some workforces. According to a Business Insider study, cost-cutting measures are being implemented in the midst of technological development, even though the reasons for firing people differ from firm to company. List of companies announces mass layoff in 2025 A list of companies with job cuts planned or already underway in 2025. | Credit: Pixabay Block: In its second significant layoff in less than a year, Jack Dorsey's fintech business Block is cutting off about 1,000 workers, according to TechCrunch and The Guardian. According to an email acquired by TechCrunch, the business, which runs Square, Afterpay, CashApp, and Tidal, is removing almost 800 open positions and moving roughly 200 managers into non-management roles. Intel: In one of the biggest layoffs in the semiconductor giant's history, Intel plans to fire 15% to 20% of its Intel Foundry employees starting in July. Over 10,000 workers worldwide—roughly one-fifth of the company's manufacturing division—are anticipated to be impacted by the layoffs. Intel will choose which employees to fire based on performance appraisals and alignment with strategic investment priorities throughout its worldwide manufacturing network rather than offering voluntary buyouts or early retirement alternatives as it has in previous layoff cycles. Meta: In an internal memo that BI was able to receive in January, Meta CEO Mark Zuckerberg told staff members that he had "decided to raise the bar on performance management" and would act quickly to "exit low-performers." According to documents seen by BI, layoffs started in February, with teams in charge of Facebook, the Horizon VR platform, and logistics suffering major reductions. Meta also carried out other layoffs in its Reality Labs subsidiary in April. However, it did not reveal how many people would be let go. Since 2022, the corporation has let go of over 21,000 employees. Amazon: The company's CEO has warned white-collar employees that in the coming years, artificial intelligence may replace them in their positions. Employees may need fewer workers in some sectors as a result of generative AI systems like chatbots and AI agents, which are tools that perform activities on their own, according to Andrew Jassy. "We will need more people doing other kinds of jobs and fewer people doing some of the jobs that are being done today."Although it's difficult to predict exactly how this will pan out over time, we anticipate that it will result in a reduction in our entire corporate workforce over the coming years. Microsoft: Depending on worker performance, Microsoft eliminated an undisclosed number of positions in January. According to BI, workers were informed that their benefits, including health insurance, would cease immediately and that they would not receive severance pay. In January, the business also let go of a few workers from departments, including sales and gaming. Crowdstrike: The cybersecurity firm that gained widespread recognition after triggering a significant worldwide IT disruption the previous year, Crowdstrike, has said that it will reduce 5% of its workforce, partly as a result of "AI efficiency." George Kurtz, the CEO of CrowdStrike, wrote a letter to employees earlier this week that was made public in US stock market filings. In it, he stated that 500 jobs, or 5% of the company's workforce, would be eliminated worldwide due to AI-driven business efficiencies. For the latest and more interesting tech news, keep reading Indiatimes Tech.
Malaysian Reserve
an hour ago
- Business
- Malaysian Reserve
Tengku Zafrul: Intel, Vishay set to expand semiconductor presence in Malaysia
THE Ministry of Investment, Trade and Industry (MITI) has held discussions with leading tech giant, Intel, regarding the latter's plans on reinvestment and expansion of its operations in Malaysia. Minister Tengku Datuk Seri Zafrul Abdul Aziz said Intel has invested RM50 billion to-date, and provided employment opportunities to 12,300 local workers. 'Intel's presence in Malaysia since 1972 has grown in tandem with the country's rise as a global semiconductor hub. 'This meeting reflects Intel's continued confidence in Malaysia as its key investment destination outside the United States,' he said in a post on the social media platform X today. He added that the Malaysian government, through MITI and the Malaysian Investment Development Authority (MIDA), remains fully committed to supporting Intel's expansion in the country. 'Under the New Industrial Master Plan 2030 (NIMP2030), and the National Semiconductor Strategy (NSS), we will continue to strengthen a sustainable and competitive industrial ecosystem,' Tengku Zafrul said. Meanwhile, in a separate post, the MITI minister said a United States-based manufacturer of discrete semiconductors and passive electronic components, Vishay Intertechnology, has expressed its intention to expand its operations in Malaysia. 'They already have a presence in Melaka, and the rise in the number of high-tech semiconductor facilities is in line with the objectives of NIMP2030 and NSS,' he added. Tengku Zafrul had led a working visit to Washington, United States, on June 18-20. — BERNAMA
The Sun
3 hours ago
- Business
- The Sun
Intel, Vishay set to expand semiconductor presence in Malaysia
KUALA LUMPUR: The Ministry of Investment, Trade and Industry (MITI) has held discussions with leading tech giant, Intel, regarding the latter's plans on reinvestment and expansion of its operations in Malaysia. Minister Tengku Datuk Seri Zafrul Abdul Aziz said Intel has invested RM50 billion to-date, and provided employment opportunities to 12,300 local workers. 'Intel's presence in Malaysia since 1972 has grown in tandem with the country's rise as a global semiconductor hub. 'This meeting reflects Intel's continued confidence in Malaysia as its key investment destination outside the United States,' he said in a post on the social media platform X today. He added that the Malaysian government, through MITI and the Malaysian Investment Development Authority (MIDA), remains fully committed to supporting Intel's expansion in the country. 'Under the New Industrial Master Plan 2030 (NIMP2030), and the National Semiconductor Strategy (NSS), we will continue to strengthen a sustainable and competitive industrial ecosystem,' Tengku Zafrul said. Meanwhile, in a separate post, the MITI minister said a United States-based manufacturer of discrete semiconductors and passive electronic components, Vishay Intertechnology, has expressed its intention to expand its operations in Malaysia. 'They already have a presence in Melaka, and the rise in the number of high-tech semiconductor facilities is in line with the objectives of NIMP2030 and NSS,' he added. Tengku Zafrul had led a working visit to Washington, United States, on June 18-20.
Yahoo
3 hours ago
- Business
- Yahoo
Intel to outsource marketing to Accenture and AI, resulting in more layoffs
When you buy through links on our articles, Future and its syndication partners may earn a commission. Employees at Intel's marketing division were informed that many of their roles will be handed over to Accenture, which will use AI to handle tasks traditionally done by Intel staff, reports OregonLive. The decision is part of a company-wide restructuring plan that includes job cuts, automation, and streamlining of execution. The marketing division has been one of Intel's key strengths since the company began communicating directly with end users with the launch of its "Intel Inside" campaign in 1991. However, it looks like the company will drastically cut its human-driven marketing efforts going forward, as it plans to lay off many of its marketing employees, believing that Accenture's AI will do a better job connecting Intel with customers. The number of positions affected was not disclosed, but Intel confirmed changes will significantly alter team structures, with only 'lean' teams remaining. Workers will be told by July 11 whether they will remain with the company. Among other things, the aim of the restructuring is to free up internal teams to focus on strategic, creative, and high-value projects, rather than routine functions. Therefore, Intel intends to use Accenture's AI in various aspects of marketing, including information processing, task automation, and personalized communications. Intel has acknowledged the shift to Accenture and explained that this will not only cut costs but will modernize its capabilities and strengthen its brand. How exactly the usage of AI instead of real people can reinforce the brand hasn't been explained yet. "As we announced earlier this year, we are taking steps to become a leaner, faster and more efficient company," a statement by Intel published by OregonLive reads. "As part of this, we are focused on modernizing our digital capabilities to serve our customers better and strengthen our brand. Accenture is a longtime partner and trusted leader in these areas and we look forward to expanding our work together." In messages to staff published by OregonLive, Intel indicated that part of the restructuring may involve existing employees training Accenture contractors by explaining how Intel's operations work. This knowledge transfer would occur during the transitional phase of the outsourcing plan, although it is unclear how long this phase will take. Follow Tom's Hardware on Google News to get our up-to-date news, analysis, and reviews in your feeds. Make sure to click the Follow button.
Malay Mail
4 hours ago
- Business
- Malay Mail
Malaysia taps fresh chip momentum with Intel, Vishay expansion plans
KUALA LUMPUR, June 22 — The Ministry of Investment, Trade and Industry (MITI) has held discussions with leading tech giant, Intel, regarding the latter's plans on reinvestment and expansion of its operations in Malaysia. Minister Tengku Datuk Seri Zafrul Abdul Aziz said Intel has invested RM50 billion to-date, and provided employment opportunities to 12,300 local workers. 'Intel's presence in Malaysia since 1972 has grown in tandem with the country's rise as a global semiconductor hub. 'This meeting reflects Intel's continued confidence in Malaysia as its key investment destination outside the United States,' he said in a post on the social media platform X today. He added that the Malaysian government, through MITI and the Malaysian Investment Development Authority (MIDA), remains fully committed to supporting Intel's expansion in the country. 'Under the New Industrial Master Plan 2030 (NIMP2030), and the National Semiconductor Strategy (NSS), we will continue to strengthen a sustainable and competitive industrial ecosystem,' Tengku Zafrul said. Meanwhile, in a separate post, the MITI minister said a United States-based manufacturer of discrete semiconductors and passive electronic components, Vishay Intertechnology, has expressed its intention to expand its operations in Malaysia. 'They already have a presence in Melaka, and the rise in the number of high-tech semiconductor facilities is in line with the objectives of NIMP2030 and NSS,' he added. Tengku Zafrul is currently on a working visit to Washington, United States. — Bernama
