Intel cuts 5,500 jobs amid AI struggles

Intel cuts 5,500 jobs amid AI struggles

Intel has confirmed it will cut more than 5,500 jobs across the US, with Oregon and California hardest hit. The company said 2,932 jobs will go in Oregon and 1,935 in California. The move comes as Intel continues to fall behind its rivals, Nvidia and AMD, in the...
Essendant slashes jobs, exits channel

Essendant slashes jobs, exits channel

Essendant’s withdrawal shocks dealer base, thousands of jobs and sites lost. Essendant, the US office products wholesaler owned by Sycamore Partners, is exiting the independent dealer channel in a move that has triggered sweeping redundancies and site closures. OPI...
Xerox starts layoffs

Xerox starts layoffs

On 29 February, Xerox released a statement confirming that the company has begun notifying employees in regard to workforce reduction. The statement said: “As shared last month, Xerox is implementing a new operating model and streamlining our organizational structure...
Staples lets 200 employees go?

Staples lets 200 employees go?

US Press outlets report that Staples let go of 200 employees earlier this month in another twist of the Staples ongoing saga as bricks and mortar commerce loses ground to online retailing. According to the Framingham Source, the 200 layoffs occurred on Sept. 9 and 10....