Foundry, a major Bitcoin mining firm, has laid off about 60% of its employees, reducing its workforce from 250 to around 80-90. This decision, affecting staff in the U.S. and internationally, is part of a strategic realignment despite the company expecting to generate $80 million from its self-mining operations this year. Foundry, which is a ...
 "Cisco’s dramatic layoffs of 5,600 employees highlight a tumultuous industry shift towards AI and restructuring for future growth.")
Cisco, a major US technology company, has announced significant job cuts, laying off around 5,600 employees, which is about 7 percent of its workforce. This comes as part of its strategy to manage costs amid decreasing demand, following earlier layoffs of 4,000 workers earlier in the year. The company is shifting its focus towards investments ...
UBS, the global financial services company, has announced plans to implement another round of layoffs as part of its ongoing integration of Credit Suisse. This move is expected to result in the elimination of hundreds of jobs, primarily in the investment banking division. In this article, we will take a comprehensive look at the reasons ...
Google, the tech giant, has recently announced a round of layoffs, affecting hundreds of employees worldwide. The company is also shifting some roles abroad as part of its cost-cutting measures. This move has sent shockwaves through the tech industry, raising questions about the future of Google and its workforce. In this article, we will take ...
