Intel announces layoffs, restructuring amid financial adjustments – Famagusta Gazette

Intel announces layoffs, restructuring amid financial adjustments – Famagusta Gazette

FAMAGUSTA GAZETTE – Intel revealed this week a series of measures to address financial challenges, including layoffs, restructuring, elimination of non-core products, and a return-to-office mandate. While the number of layoffs was unspecified, reports suggest up to 20% of the workforce—or about 20,000 employees—could be affected, starting in the second quarter. The company aims to reduce operating expenses by $1.5 billion over two years, targeti…

PwC faces backlash over costly rebrand amid layoffs and restructuring

PwC has introduced a new global brand identity at a time when the firm is facing intense internal challenges, including layoffs, budget cuts and employee discontent. The updated logo keeps the original font but replaces the firm’s colourful ‘butterfly’ design with two plain orange parallelograms. This is PwC’s first global rebranding in over a decade. The change has sparked widespread criticism, particularly among employees and industry watchers…