workforce

Boeing Issues Layoff Notices Amid Workforce Reduction Plan: 60-Day Notice Period For Affected Staff

Boeing, the struggling aerospace company facing its highest level of debt, began sending layoff notices on Wednesday as part of a broader program to cut about 10% of its global workforce. The planemaker company, which was battered over the last year by financial and operational setbacks, said it plans to...

Intel Slashes 15% Of Workforce In $10 Billion Overhaul As AI Race Heats Up

Intel is cutting 15% of its workforce as part of a $10 billion cost-reduction plan, the company announced in its second-quarter earnings report on Thursday. CEO Pat Gelsinger outlined the need for significant changes, stating in a memo, “Simply put, we must align our cost structure with our new operating...