Intel mass redundancies
Intel mass redundancies: Layoffs, huge losses, cost-cutting plans, bad strategic choices, and shareholder lawsuits against the company. The winds of crisis are blowing at Intel, which has been at the…
Tesla plans six-seat Model Y, production slated for 2025 in China
By Zhang Yan and Casey Hall SHANGHAI (Reuters) – Tesla plans to produce a six-seat variant of its Model Y car in China from late 2025, two people with direct…
GoPro to cut 15% of workforce in restructuring push
By Juby Babu (Reuters) – Action camera maker GoPro said on Monday it would cut about 15% of its workforce this year, as part of a restructuring plan to reduce…
Cisco sees recovery in equipment demand, cuts 7% jobs globally
By Juby Babu (Reuters) – Cisco Systems said on Wednesday it was witnessing rebounding demand for its networking equipment and announced a 7% cut in its global headcount to focus…
Walt Disney warns theme park revenue to fall, profit slips
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – Walt Disney predicted a ‘moderation in demand’ at its theme park business in coming quarters, overshadowing the success of the…
South Korea to support vendors hit by Qoo10 payment delays, founder pledges compensation
By Jihoon Lee and Joyce Lee SEOUL (Reuters) – South Korea will provide $400 million in financial support to small businesses hit by payment delays on two Qoo10 e-commerce platforms…
Major video game publishers shielded by in-house studios during strike, analysts say
By Zaheer Kachwala (Reuters) – Major video game publishers including Electronic Arts and Take-Two will likely stave off a big hit from the strike by voice actors and motion-capture artists…
Tesla deliveries set to fall for second straight quarter
By Akash Sriram and Hyunjoo Jin (Reuters) – Tesla’s June-quarter deliveries likely fell 6%, the first time the top EV maker is set to post two straight quarters of decline,…
Nokia taps AI boom with $2.3 billion Infinera purchase
By Supantha Mukherjee STOCKHOLM (Reuters) – Nokia’s bid to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal puts the Finnish company on track to gain from…
Microsoft unveils all-digital Xbox consoles, ‘Doom’ title at Games Showcase
By Zaheer Kachwala (Reuters) – Microsoft kicked off its annual Xbox Games Showcase on Sunday, unveiling a new all-digital version of its Xbox Series X and S consoles as well…