Posts by tag: "Layoffs"

AMD lays off 1,000 employees - video card division earned only $12 million for the quarter

Rumors of layoffs at AMD emerged following a mixed financial report for the third quarter. After its release, the company's stock dropped by 13.6%. AMD reported a revenue increase of 17% and a profit rise of 34%, but its average revenue forecast of $...

Golden parachute: Intel gives up to €500,000 in severance pay for voluntary redundancy

IT business

August 13, 2024 at 10:34 AM Comments (0)Views (4)

Golden parachute: Intel gives up to €500,000 in severance pay for voluntary redundancy

In Ireland, Intel has proposed a voluntary severance package of up to €500,000 for employees of the Leixlip team. The company recently announced it would lay off 15% of its workforce as part of efforts to cut costs. The offer, communicated to employ...

Games

July 24, 2024 at 11:25 AM Comments (0)Views (4)

Humble Games, publisher of Ukrainian Moonscars, has laid off its entire staff - but says it's "just restructuring"

However, it seems that this restructuring does not involve retaining any of the existing employees. News of mass layoffs first emerged from Humble Games employees. One of them reported on LinkedIn that at 9 AM, 36 employees of the publisher learned ...

There are no exes: fired Tesla employee bought its shares with all the money

IT business

July 11, 2024 at 11:17 AM Comments (0)Views (5)

There are no exes: fired Tesla employee bought its shares with all the money

In order to invest in a company that has fired you, you need to be a big fan or a cold pragmatist. This is exactly what a former Tesla employee did when he put all of his severance pay into the company's stock. Mike Billett, former sales manager at T...