2023-01-26 00:39:06

Lam Research to cut 1,300 jobs amid chip downturn

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The Business Journals

The Fremont-based tool business said that the layoffs represent roughly 7% of its global employees and will affect a wide swath of the staff.

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TechnologyBy Ian King2023-01-25 22:21:28
Lam Research Corp., one of the three biggest providers of chip-manufacturing equipment in the US, is cutting about 7% of its workforce to reduce expenses in...

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Mass job cuts are accelerating at technology companies and being felt around the world. International Business Machines Corp. was the latest to announce it...

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TechnologyPress Release2023-01-25 21:05:00
FREMONT, Calif., Jan. 25, 2023 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the...

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Business / Finance2023-01-25 21:07:45
3M is cutting jobs as the company expects macroeconomic challenges to persist in 2023.

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Business / FinanceBy Cna2023-01-25 21:12:00
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide IBM Corp on...

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Business / FinanceBy Steve Lohr2023-01-26 00:19:56
The company said the layoffs were a final step after asset sales rather than a sign of weakness in its business. IBM joined the wave of layoffs by technology...

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TechnologyBy Brody Ford2023-01-25 21:10:16
International Business Machines Corp. delivered an upbeat annual sales forecast while announcing it would eliminate about 1.5% of its global workforce,...

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Business / FinanceBy Brody Ford2023-01-25 22:37:28
The cuts will focus on workers remaining after spinning off the Kyndryl and Watson Health units.

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TechnologyBy Loni Prinsloo2023-01-25 15:28:25
Amsterdam-listed Prosus NV and its parent Naspers Ltd. are planning to cut their corporate workforce by 30%, becoming the latest global tech company to...

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Technology2023-01-25 22:08:48
Days after announcing plans to cut 7% of its staff globally, the business communications provider unveiled how many it plans to let go at its headquarters.

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Business / FinanceBy Emma Goldberg2023-01-25 10:00:22
Angst rippled across laptop screens this month, with dozens of companies announcing layoffs and finding ways to breed extra chaos in the process. Kerensa...

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New Cyberseek ™ data shows US is short nearly 530,000 skilled cybersecurity staff BOSTON, Jan. 25, 2023 /PRNewswire/ -- Despite recent high-profile tech...

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Bolt has axed another 50 employees, meaning that the online checkout company has seen its headcount shrink by more than half in under a year. This is at...

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Business / FinanceBy Rtt News2023-01-25 21:17:16
(RTTNews) - Lam Research Corporation (LRCX) announced a profit for its second quarter that increased from the same period last year The company's bottom line...

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ServiceNow Inc. declined in extended trading after subscription sales fell short of analysts’ estimates. The software maker also pledged it wouldn’t cut jobs...

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Business / FinanceBy Prarthana Prakash2023-01-25 19:07:21
Laid off tech employees on work visas describe how unnerving and urgent losing a job can be.

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Business / FinanceBy Will Daniel2023-01-24 20:49:48
Federal Reserve researchers have shown that temporary worker layoffs have, in past recessions, preceded those in the overall labor market by 6 to 12 months."