*Intel* Intel has announced the year's largest single downsizing, eliminating 24,000 positions—approximately 22% of its global workforce—as new CEO Lip-Bu Tan restructures the semiconductor giant to compete against rivals Nvidia and AMD. The cuts affect facilities across the United States, Germany, Costa Rica, and Poland, with the company targeting $17 billion in cost savings through 2025.
*Amazon* Amazon confirmed it will cut 14,000 corporate roles across its operations, HR, and cloud divisions, with reports suggesting the total could reach 30,000 employees. CEO Andy Jassy described the restructuring as necessary to operate "like the world's largest startup," though he sparked controversy by claiming the cuts were driven by "culture" rather than AI or financial pressures.
*TCS* India's largest IT services company, Tata Consultancy Services, recorded its steepest quarterly job reduction ever, laying off 19,755 employees in the September quarter as the company pivots toward AI-led automation. Chief Human Resources Officer Sudeep Kunnumal attributed the cuts to a "skill and capability mismatch" as traditional roles become obsolete.
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"Major Tech Giants Lead Massive Cuts"
*Intel*
Intel has announced the year's largest single downsizing, eliminating 24,000 positions—approximately 22% of its global workforce—as new CEO Lip-Bu Tan restructures the semiconductor giant to compete against rivals Nvidia and AMD. The cuts affect facilities across the United States, Germany, Costa Rica, and Poland, with the company targeting $17 billion in cost savings through 2025.
*Amazon*
Amazon confirmed it will cut 14,000 corporate roles across its operations, HR, and cloud divisions, with reports suggesting the total could reach 30,000 employees. CEO Andy Jassy described the restructuring as necessary to operate "like the world's largest startup," though he sparked controversy by claiming the cuts were driven by "culture" rather than AI or financial pressures.
*TCS*
India's largest IT services company, Tata Consultancy Services, recorded its steepest quarterly job reduction ever, laying off 19,755 employees in the September quarter as the company pivots toward AI-led automation. Chief Human Resources Officer Sudeep Kunnumal attributed the cuts to a "skill and capability mismatch" as traditional roles become obsolete.
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