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Alorica Layoffs - Nearly 800 Layoffs Slated At Two Austin Job Sites

AUSTIN, TX — A pair of companies operating facilities in Austin have alerted to nearly 800 layoffs between them — with at least one round of furloughs blamed...

https://patch.com/texas/downtownaustin/nearly-800-layoffs-slated-two-austin-job-sites

#news #AloricaNews


Nearly 800 Layoffs Slated At Two Austin Job Sites

California-based Alorica and France-based Sodexo are laying off 712 and 80 jobs, respectively, at their local operations.

AUSTIN, TX — A pair of companies operating facilities in Austin have alerted to nearly 800 layoffs between them — with at least one round of furloughs blamed on corrosive economic effects of the coronavirus — as outlined in documents filed with state regulators.

Officials at Alorica, a California-based company providing outsourced customer service operations, alerted the Texas Workforce Commission of plans to permanently close its entire Austin site located at 7401 E. Ben White Blvd. by Dec. 31 — a move that will result in 712 job cuts. Patch requested correspondence sent to regulators in compliance with the Worker Adjustment and Retraining Notification Act, a federal labor law compelling companies with at least 100 workers to provide a 60-day advance notice of plant closings and layoffs.

In the correspondence, a vice president of the company said the affected workers are not represented by a union. So-called "bumping rights," whereby affected with seniority would be able to take a lower position from a co-worker to prevent being terminated do not exist given the closure of the entire operations in Austin, the VP explained.

Bumping rights do not exist, and employees are not unionized. Affected employees were notified on the same date as this letter of the Plant Closing and their respective termination dates. The chief local elected official was also notified on the date of this letter.

The company did not detail reasons for the layoffs in its correspondence with the Texas Worker Commission. Patch reached out to the company official alerting regulators to the layoffs, but a voicemail message was not immediately returned.

A second company named Sodexo — self-described on its website as a French food services and facilities management company headquartered in the Paris suburb of Issy-les-Moulineaux — also alerted to layoffs. In correspondence to the Texas Workforce Commission, the company blamed the economic impact spurred by the pandemic as the reason for imminent layoffs of 80 local workers.

"At this time, employees are being placed on, or have been placed on, temporary lay-off status, with only a few permanent separations associated with this crisis and business impact," a human resources official with the company wrote to state regulators. The company lists its operations as being housed at the University of Texas at Austin, 1701 Red River St.

The latest list of companies alerting to layoffs shows that Sodexo also plans to cut 177 jobs in El Paso, Texas.

"I thought we'd never get it," Liz Uihlein, an outspoken critic of COVID-19 restrictions, told Uline employees. "Well, Trump got it."

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Media Coverage for EY: One EY Employee Is Getting Antsy About the Prospect of More Layoffs Next Year

He seemed to imply that layoffs would not happen this calendar year (till Dec 31st) but next calendar year (from Jan 1 onward) the current layoff information/policy...

https://www.goingconcern.com/one-ey-employee-is-getting-antsy-about-the-prospect-of-more-layoffs-next-year/

#news #ErnstAndYoungNews #ErnstYoungNews

Cut jobs or not?

Golden Gate Bridge board considers raising tolls to avoid layoffs

Officials are trying to avoid layoffs and the bill could be put onto drivers still using the bridge. The board of directors of the Golden Gate Bridge, Highway and...

https://www.kron4.com/news/bay-area/golden-gate-bridge-board-considers-raising-tolls-to-avoid-layoffs/

#news #SanFranciscoNews #CityofSanFranciscoNews


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Media coverage for Pittsburgh layoffs - These were the largest announced layoffs in the Pittsburgh region during the coronavirus pandemic

It's still tough.

Temporary layoffs lasting six months or less do not have to be reported in a WARN notice, nor do layoffs have to be reported if a mass layoff results in fewer than...
https://www.wpxi.com/news/business/these-were-largest-announced-layoffs-pittsburgh-region-during-coronavirus-pandemic/ZRY5PKZTMREH5EFJEQGOGVDFQ4/

#news #PittsburghNews #CityofPittsburghNews


These were the largest announced layoffs in the Pittsburgh region during the coronavirus pandemic

PITTSBURGH — The Covid-19 pandemic continues to leave its mark across nearly all sectors of the global economy and Pittsburgh is no different. The region has seen thousands of workers face job cuts as companies aim to mitigate losses amid shrinking revenues and other financial hardships.

As required by federal labor law, the Worker Adjustment and Retraining Notification (WARN) Act mandates that employers inform state governments within 60 calendar-days of any planned mass layoffs if the business or organization employs 100 workers or more and if the layoffs meet certain requirements. Temporary layoffs lasting six months or less do not have to be reported in a WARN notice, nor do layoffs have to be reported if a mass layoff results in fewer than 50 workers losing their jobs at a single employment site, which can be the case for many restaurants and stores.

Below are the 55 largest layoffs throughout the region as reported via a WARN notice to the Pennsylvania Department of Labor & Industry since March 2020. In total, these layoffs represent more than 15,300 jobs lost throughout the Pittsburgh-area, with many of them listed as being permanently terminated. The largest sectors hit include the hotel and greater hospitality industry in general as well as construction and manufacturing.

Read more from our news partners at the Pittsburgh Business Times.

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Competitors are struggling

There you go...

Four Seasons, Bellevue lay off more hotel employees as business declines continue

Additional rounds of pandemic-related layoffs have hit two prominent Philadelphia hotels as the hospitality industry prepares for a holiday travel season...

https://www.bizjournals.com/philadelphia/news/2020/11/11/center-city-hotel-layoffs-coronavirus.html

#news

How is this done? "Chicago labor leaders create plan to avoid layoffs"

How do you stop layoffs?

(WBBM NEWSRADIO) – The city's biggest labor organization is outlining a plan its leaders say could help the Lightfoot Administration avoid employee layoffs.

https://www.radio.com/wbbm780/news/local/chicago-labor-leaders-create-plan-to-avoid-layoffs

#news #ChicagoNews #CityofChicagoNews


Chicago labor leaders create plan to avoid hundreds of layoffs

CHICAGO (WBBM NEWSRADIO) – The city’s biggest labor organization is outlining a plan its leaders say could help the Lightfoot Administration avoid employee layoffs.

The Chicago Federation of Labor asked the labor-oriented think tank Public Works, to find alternatives to Mayor Lightfoot’s expectation that she’d have to layoff some 350 employees to balance the budget.

Public Work’s report outlines some $270-million in savings, more than enough to offset the layoffs.

Among the ideas, cutting health care costs, by among other things, having the city self-insure, and make its own deal with a third party health care provider. The proposals also include reducing the number of middle managers and renegotiating towing and information technology leases.

CFL President Bob Reiter said the group looks forward to working with Mayor Lightfoot to put these measures and others into effect.

Layoffs Peaking

Layoff #s are going up:

These are the biggest Louisville-area layoffs and furloughs since the coronavirus pandemic started

One important note: This list includes both furloughs and temporary layoffs, so some of the companies below could have called workers back since the WARN was...

https://www.bizjournals.com/louisville/news/2020/11/11/the-biggest-louisville-area-layoffs-since-the-pand.html

#news #LouisvilleNews #CityofLouisvilleNews

See this: Massachusetts c-sino closure order prompts layoffs ...

  • In August, MGM laid off 18,000 furloughed workers, about 1,000 of which were at MGM Springfield.

That day, MGM Springfield's employees received a letter concerning the layoffs, stating that the company hopes to bring the workers back to work and increase...

https://vegasslots.net/news/las-vegas-news/massachusetts-c-sino-closure-order-prompts-layoffs/

#news #MassachusettsNews


Massachusetts c-sino closure order prompts layoffs

Las Vegas-based operators are moving to reduce employees at
their Massachusetts properties after the state ordered its c-sinos to close
nightly.

MGM Springfield, a subsidiary of MGM Resorts International, laid off or reduced hours for 250 staff members on Friday. Also, the Wynn Resorts Ltd.-operated Encore Boston Harbor could furlough up to 1,000 employees.

The labor cuts come after Massachusetts Gov. Charlie Baker ordered the three c-sinos in the state to close nightly at 9:30. The order came into effect Friday with no anticipated end date.

Wynn Resorts said it would close its property between 9 pm
and 9 am until further notice, while MGM Springfield is set to close daily at
9:30 pm and open at 10 am. Both properties are temporarily closing their
hotels.

Encore Boston Harbor and MGM Springfield had closed doors
between March 15 and mid-July because of the coronavirus pandemic.

The nightly curfew is meant to help combat the surging cases of COVID-19 in Massachusetts. The state’s website revealed that as of Friday, the state had a seven-day positivity rate of 2.1%.

That day, MGM Springfield’s employees received a letter concerning the layoffs, stating that the company hopes to bring the workers back to work and increase working hours once the state lifts the curfew order.

Impacted employees enrolled in MGM’s health care plan will
continue enjoying health benefits for at least the rest of the year. They will
also retain access to the company’s employee portal website, which includes
news updates, internal job postings, training opportunities, and the privilege
to access resources such as MGM’s Employee Emergency Grant Fund.

In August, MGM laid off 18,000 furloughed workers, about 1,000 of which were at MGM Springfield.

Encore Boston Harbor’s operating hours have been reduced to
half, resulting in a likelihood of the company furloughing more employees,
according to a spokesperson. While the company hasn’t finalized the decision,
about 670-1,000 employees are likely to be affected.

Wynn Resorts CEO Matt Maddox said Thursday that he feels the curfew is a “temporary setback” for the Massachusetts-based property, which had seen record EBITDA (earnings before interest, taxes, depreciation, and amortization) in the third quarter.

He added that the new order will impact the property since
it generates more than half of its revenue at night.

Hospital Cuts (11 hospitals listed)....

There you go - more cuts...

Children's Minnesota cited several reasons for the layoffs, including the financial hit from the COVID-19 pandemic. Affected employees will end their employment...

https://www.beckershospitalreview.com/finance/11-hospitals-laying-off-workers-110920.html

#news


11 hospitals laying off workers

The financial challenges caused by the COVID-19 pandemic have forced hundreds of hospitals across the nation to furlough, lay off or reduce pay for workers, and others have had to scale back services or close.

Lower patient volumes, canceled elective procedures and higher expenses tied to the pandemic have created a cash crunch for hospitals. U.S. hospitals are estimated to lose more than $323 billion this year, according to a report from the American Hospital Association. The total includes $120.5 billion in financial losses the AHA predicts hospitals will see from July to December.

Hospitals are taking a number of steps to offset financial damage. Executives, clinicians and other staff are taking pay cuts, capital projects are being put on hold, and some employees are losing their jobs. More than 260 hospitals and health systems furloughed workers this year and dozens of others have implemented layoffs.

Below are 11 hospitals and health systems that announced layoffs since Sept. 1, most of which were attributed to financial strain caused by the pandemic.

  1. NorthBay Healthcare, a nonprofit health system based in Fairfield, Calif., is laying off 31 of its 2,863 employees as part of its pandemic recovery plan, the system announced Nov. 2.
  1. Minneapolis-based Children's Minnesota is laying off 150 employees, or about 3 percent of its workforce. Children's Minnesota cited several reasons for the layoffs, including the financial hit from the COVID-19 pandemic. Affected employees will end their employment either Dec. 31 or March 31.
  1. Brattleboro Retreat, a psychiatric and addiction treatment hospital in Vermont, notified 85 employees in late October that they would be laid off within 60 days.
  1. Citing a need to offset financial losses, Minneapolis-based M Health Fairview said it plans to downsize its hospital and clinic operations. As a result of the changes, 900 employees, about 3 percent of its 34,000-person workforce, will be laid off.
  1. Lake Charles (La.) Memorial Health System laid off 205 workers, or about 8 percent of its workforce, as a result of damage sustained from Hurricane Laura. The health system laid off employees at Moss Memorial Health Clinic and the Archer Institute, two facilities in Lake Charles that sustained damage from the hurricane.
  1. Burlington, Mass.-based Wellforce laid off 232 employees as a result of operating losses linked to the COVID-19 pandemic. The health system, comprising Tufts Medical Center, Lowell General Hospital and MelroseWakefield Healthcare, experienced a drastic drop in patient volume earlier this year due to the suspension of outpatient visits and elective surgeries. In the nine months ended June 30, the health system reported a $32.2 million operating loss.
  1. Baptist Health Floyd in New Albany, Ind., part of Louisville, Ky.-based Baptist Health, eliminated 36 positions. The hospital said the cuts, which primarily affected administrative and nonclinical roles, are due to restructuring that is "necessary to meet financial challenges compounded by COVID-19."
  1. Cincinnati-based UC Health laid off about 100 employees. The job cuts affected both clinical and non-clinical staff. A spokesperson for the health system said no physicians were laid off.
  1. Mercy Iowa City (Iowa) announced in September that it will lay off 29 employees to address financial strain tied to the COVID-19 pandemic.
  1. Springfield, Ill.-based Memorial Health System laid off 143 employees, or about 1.5 percent of the five-hospital system's workforce. The health system cited financial pressures tied to the pandemic as the reason for the layoffs.
  1. Watertown, N.Y.-based Samaritan Health announced Sept. 8 that it laid off 51 employees and will make other cost-cutting moves to offset financial stress tied to the COVID-19 pandemic.

Fairplex in Pomona announces layoffs of more than half of its employees

Layoffs in Pomona - not sure if folks are surprised...

In total, 82 employees who were originally furloughed this spring, were notified of the layoffs on Oct. 30. The cuts leave 28 full-time workers at the Pomona venue...

https://www.dailybulletin.com/2020/11/06/fairplex-in-pomona-announces-layoffs-of-more-than-half-of-its-employees/

#news #PomonaNews #CityofPomonaNews

State Report Says More That 1,000 Layoffs Are Coming At Chicago Area Restaurants Due To COVID-19 Pandemic

State Report Says More That 1,000 Layoffs Are Coming At Chicago Area Restaurants Due To COVID-19 Pandemic. By CBS 2 Chicago Staff November 6, 2020 at...

https://chicago.cbslocal.com/2020/11/06/state-report-says-more-that-1000-layoffs-are-coming-at-chicago-area-restaurants-due-to-covid-19-pandemic/

#news #ChicagoNews #CityofChicagoNews


State Report Says More Than 1,000 Layoffs Are Coming At Chicago Area Restaurants Due To COVID-19 Pandemic

CHICAGO (CBS) — The Illinois Worker Adjustment and Retraining Act Report for the month of October announced 3,384 coming layoffs in the state – most of them permanent, and many of them at Chicago restaurants.

Employers are required to file with the state for the WARN Report each month, giving 60 days notice in mass layoffs. The total number of restaurant layoffs amounted to 1,070.

Meanwhile, foodservice provider Aramark is enacting temporary layoffs at an unspecified date at multiple locations – 92 at the Morton Arboretum in Lisle, 93 at the Rosemont Convention Center, and 192 at the Allstate Arena.

The Ace Hotel, 311 N. Morgan St., already started back on Sept. 30 with 64 temporary layoffs. Takeda Pharmaceuticals in Bannockburn is laying off 400 employees permanently due to a restructuring and relocation, and the mobile outreach program for Catholic Charities at the Archdiocese of Chicago is permanently laying off 43 employees for unspecified reasons.

The reasons for the vast majority of layoffs announced in the report was the COVID-19 pandemic.

Massive Job Cuts @ Jackson National Lays - 150 Workers Axed

The layoffs are due to “economic conditions and a decline in industry sales,” a... Jackson National joins Allstate, Transamerica and Pacific Life in recent layoff...

https://www.thinkadvisor.com/2020/11/03/jackson-national-lays-off-150-workers/

#news #JacksonNationalLifeNews


Jackson National Lays Off 150 Workers

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.

Lansing, Michigan-based Jackson National Life Insurance will lay off 150 workers across its branches, it announced Monday.

The layoffs are due to “economic conditions and a decline in industry sales,” a company spokesperson said in a statement to WKRN in Franklin, Tennessee, home to one of 10 Jackson National branches.

Just three weeks ago, British insurer Prudential Plc. announced plans to spin off its American businesses, one of which is Jackson National. Prudential Plc. said the move will allow the conglomerate to focus on operations in Asia and Africa.

Jackson National joins Allstate, Transamerica and Pacific Life in recent layoff announcements. Allstate announced Sept. 30 it will lay off 3,800 employees, or 8% of its workforce. On Oct. 22, California-based Pacific Life said it will lay off close to 300, or about 7% of the company’s workforce.

Even amid layoff news, research is saying that publicly traded life and annuity companies are staying strong financially.

According to news released by Morgan Stanley earlier this month, some are even doing well enough to buy back their own stock by the end of this year. That said, Morgan Stanley analysts said they expect some of the life insurers they follow to report weak third-quarter results.

Two advisors moved to Stifel in Dallas, while the other did so in the St. Louis area; the three had combined assets of $243 million.

Two key swing states could report the bulk of their vote counts, and if Trump loses them, it's likely over, BNY Mellon's deputy CIO says.

The plan would cost “tens of trillions of dollars,” but there is no better time to finance such an effort, he says.

This will be the second management fee cut for most of the 33 funds within a year.

Preserve wealth with help from advanced tax planning and risk management strategies.

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Check this out: From Exxon to Charles Schwab, white-collar job cuts are mounting

In the last few days, ExxonMobil, Chevron (CVX), Charles Schwab and... That's on top of major layoffs already announced or reported in the press at Wells...

https://www.cnn.com/2020/10/30/business/jobs-white-collar-layoffs/index.html

#news #ChevronNews


From Exxon to Charles Schwab, white-collar job cuts are mounting

New York (CNN Business)The pandemic has wiped out millions of mostly low-income jobs in hotels, restaurants, retail and other hard-hit corners of the economy. Now, the pink slips are spreading to higher-paid office workers.

Santander plans to cut staff in Europe to save $1.2 billion over 2 years

Santander had already undergone a round of layoffs relatively recently: 3,069 employees were dismissed after the absorption of Banco Popular in 2019.

https://www.businessinsider.com/santander-layoff-cut-redundancies-redundant-european-layoffs-banks-two-years-2020-10

#news #BancoSantanderNews

Children's Minnesota to lay off 150 staffers

About 150 folks laid off.
Not good at all.

The layoffs affect about 3 percent of the health system's workforce. In addition to the job cuts, Children's Minnesota said that another 150 open positions will not be...

https://www.beckershospitalreview.com/finance/children-s-minnesota-to-lay-off-150-staffers.html

#news

82 layoffs

Enfield expects ripple effect when MassMutual cuts 82 local jobs

The MassMutual layoffs are due to the sale of its retirement plans business, the company says in a notice provided to the state. In the letter filed this week with the...

https://www.journalinquirer.com/connecticut_and_region/enfield-expects-ripple-effect-when-massmutual-cuts-82-local-jobs/article_541d645a-159b-11eb-93a8-cf50a7888609.html

#news #MassmutualNews

More training, less layoffs...

Georgia gets more funds for worker retraining

The grants provide resources for states to respond to large, unexpected
layoff ... Georgia, as well as surrounding states, has experienced
significant layoffs and ...

https://times-herald.com/news/2020/10/georgia-gets-more-funds-for-worker-retraining

#news

Recall Not Necessary, Right?

Tesla Claims China Caused Unnecessary Recall

Now, a letter obtained by Electrek shows Tesla thinks there is no defect,
and no recall is needed.The letter is from Elizabeth H. Mykytiuk, Tesla's
managing counsel ...

https://www.reportdoor.com/tesla-claims-china-caused-unnecessary-recall/

#news

City Layoffs 2020

  1. A. budget crisis: Deficit projections climb to $600 million

If layoffs are needed, the LAPD — which is projected to consume roughly $3
billion this year — will need to do its part, Przylucki added.

https://www.latimes.com/california/story/2020-10-23/la-budget-crisis-600-million-deficit

#news

Aramark is Laying off 2,000 Workers at Wells Fargo Center, Citizens Bank
Park, and Pennsylvania Convention Center

The layoffs are reported as being temporary, according to the WARN
notification filed with the Commonwealth of Pennsylvania. WARN is the
“Worker Adjustment ...

https://www.crossingbroad.com/2020/10/aramark-is-laying-off-2000-workers-at-wells-fargo-center-citizens-bank-park-and-pennsylvania-convention-center.html

#news

Insurers' Plans On Layoffs

3Q Earnings Could Reveal Insurers' Plans On Layoffs, Low ...

Analysts are eager to see the bottom lines as many insurers are starting to show cracks in the economic foundation – in the form of significant employee layoffs.

https://insurancenewsnet.com/innarticle/3q-earnings-could-reveal-insurers-plans-on-layoffs-low-rates

#news

Dip, dip...

  • Intel's stock dives sharply on data center weakness

https://siliconangle.com/2020/10/22/intels-stock-dives-sharply-data-center-weakness/

Intel Corp.’s stock lost almost 10% of its value in after-hours trading today on weakness in its data center business, despite reporting third-quarter results more or less in line with Wall Street’s expectations.

The chipmaker reported a profit before certain costs such as stock compensation of $1.11 per share on revenue of $18.3 billion. Wall Street’s forecast was almost spot on, with analysts having forecast a profit of $1.11 per share on slightly lower revenue of $18.25 billion.

In a statement, Intel Chief Executive Bob Swan (pictured) said the company had managed to deliver “solid” third-quarter results that exceeded its own expectations, despite COVID-19 affecting “significant portions” of its business.

No doubt Swan was referring to Intel’s data center business. The Data Center Group, which sells chips to cloud computing providers and server makers, reported revenue fell 7% from a year ago, to $5.91 billion. Intel said that was primarily the result of lower demand from enterprises and governments in the quarter, though its data center cloud revenues did manage to grow by 15%. The unit wasn’t helped by an average selling price that was 15% lower than it was in the same period a year ago.

“This is the first quarter I have seen COVID-19 negatively impact the company,” Moor Insights & Strategy analyst Patrick Moorhead noted.

Intel’s Client Computing Group, which sells personal computer chips, did better. It reported $9.85 billion in revenue, up 1% from a year ago, helped by a bump in PC sales during the third quarter as people kept buying new machines to work from home more efficiently.

Intel recently announced that it plans to sell its NAND flash memory chip business to South Korean firm SK Hynix Inc., and the performance of its Non-Volatile Memory Solutions Group probably showed why. NAND flash sales make up the vast majority of that business, and it reported revenue of just $1.15 billion in the quarter, down 11% from a year ago.

Charles King of Pund-IT Inc. told SiliconANGLEthat Intel’s earnings report shows that the company is in a tough situation. He said that although it had initially benefited from trends such as working from home at the start of the COVID-19 pandemic, it was under pressure from larger economic issues that were forcing customers to cut costs wherever possible, including in the data center.

“Add in substantial threats from ambitious competitors including AMD and Nvidia, which have many products priced substantially lower than Intel’s, and something has to give,” King said.

The growing costs of sales meant that Intel’s operating margins were down, to just 27.6% this quarter, from 33.6% one year ago. Operating margin in the data center group took the worst hit, down to 32% from 49% the year before.

Moorhead said this may have been from Intel selling more 10-nanometer chips in the quarter. He noted that these are more expensive to manufacture than its previous-generation 14-nanometer chips.

Looking ahead, Intel said it’s expecting fourth-quarter earnings of $1.10 per share on revenue of $17.4 billion, just ahead of Wall Street’s forecast of $1.07 in profit on $17.36 billion revenue.

In a conference call with analysts, Swan said that despite the challenges it faces, Intel was actively executing a diversified growth strategy and that it operates several multibillion-dollar businesses fueled by the explosion in data and the emergence of new technologies such as artificial intelligence and 5G networks.

#news

Made me chuckle...

IBM Is Turning Into Red Hat on Steroids

With every passing quarter, IBM (NYSE:IBM) looks more and more like an
amped-up version of Red Hat.

https://newyork.citybizlist.com/article/634760/ibm-is-turning-into-red-hat-on-steroids

#news

by
| 798 views | | no replies yet | Reply
Post ID: @OP+17y4VQEn
| Regarding IBM

Layoffs?

Baker admin hopes to avoid layoffs in budget reckoning

BOSTON (SHNS) – Gov. Charlie Baker's administration hopes to avoid
government layoffs both this year and next year, the governor's top budget
official told ...

https://www.wwlp.com/news/state-politics/baker-admin-hopes-to-avoid-layoffs-in-budget-reckoning/

#news

It's radical...

Synchrony Financial Disclosed Radical Work-from-Home Plan...

  • plus layoffs, work-from-home on a permanent basis, and drastically

reducing its ... as many Synchrony jobs as we can and reducing the size of
any layoffs,” the ...

https://wolfstreet.com/2020/10/20/consumer-finance-giant-synchrony-disclosed-radical-permanent-work-from-home-plan/

#news