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NVIDIA LAYOFFS
Nvidia board meets to decide CEO Jensen Huang's future, source saysNvidia's board is meeting to discuss whether to remove CEO Jensen Huang amid reports of two alleged extramarital affairs involving the long...- Xiaomi eyes local partners; Electronics firms target AI infraXiaomi is looking for local partners as it plans to manufacture home appliances in India. This and more in today’s ETtech Top 5.
- US jobs market shows broad-based recovery in October as hiring beats estimatesUS employers added 165,000 jobs in October, far exceeding expectations, while unemployment fell to 4.1%. However, a closer look reveals une...
- Amazon cloud business accelerates but shares drop on profit missAmazon experienced a notable decline of over seven percent in its shares following the release of its quarterly earnings, which failed to m...
- World shares are mixed after Wall Street's AI-related losses, while oil prices jumpGlobal stock markets displayed a mix of outcomes while oil prices surged due to escalating tensions in Iran. Brent crude soared past $114 p...
- Global markets rattled as bond yields surge, offsetting AI-stock optimismGlobal bond market volatility led to declines in stock indexes, with the S&P 500 on track for consistent losses. Oil prices rose, contribut...
- UPI MDR explained; AI leaders split on slowing downUPI’s new MDR framework will change how large merchant payments are charged. This and more in today’s ETtech Top 5.
- Making people redundant is a no-win: Revolut India CEO on AI job cutsAs large private banks and financial institutions trim headcount to automate their workforce, Revolut’s Paroma Chatterjee believes it is cr...
- Nvidia now worth more than Japan’s entire economy — just 30,000 employees vs 124 million peopleNvidia valuation surpasses Japan: Nvidia's market value has soared to nearly $5 trillion, eclipsing Japan's entire annual economic output. ...
- Nokia stock skyrockets 18% after Nvidia invests $1 billion as part of strategic partnership - are bad times over?Nokia stock: Nokia shares surged after Nvidia announced a $1 billion investment. This partnership focuses on artificial intelligence and ne...
- Intel shares skyrocket 25% after Nvidia investment dealShares in chipmaker Intel skyrocketed on Thursday after AI giant Nvidia announced it will invest $5 billion in its rival. Intel's stock pri...
- Intel to lay off more than 5,500 employees in US in latest round of job cutsIntel plans to lay off over 5,500 employees across the US, with teams in California and Oregon set to see the most job cuts. This decision ...
- Intel not among top 10 chip firms, says new CEO Lip-Bu TanDuring a global employee meeting, the new chief said Intel is falling behind on customer satisfaction and has lost ground to Nvidia in deve...
- Intel layoffs 2025: Design engineers, software architects lose jobs - these key divisions are nextIntel layoffs in California have started, with the tech giant cutting over 100 jobs at its Santa Clara headquarters. This move is part of C...
- What are AI agents that Nvidia CEO Jensen Huang says are a multitrillion-dollar opportunity?Nvidia CEO Jensen Huang is currently all-in for the agentic AI trend that is gripping the world of artificial intelligence and is also resu...
- AMD to cut 4% of global workforce as it focuses on AI chip developmentRevenue in AMD's data center segment, which houses its AI graphics processors, jumped more than two-fold in the September quarter. On the o...
- Cisco lets go thousands of employees in second major layoff this year: reportCisco is planning to lay off around 7% of its workforce, marking its second major layoff this year. The company is facing declining demand ...
- Cisco to lay off more than 4,000 employees, lowers annual revenue forecastAnalysts expect demand for Cisco's products to remain under pressure, as clients in the telecom industry restrict spending, prioritizing cl...
- Tech layoffs continue after 'Year of Efficiency'Analysts and industry experts believe the layoffs would be smaller and more targeted this year, with firms that are racing to catch up in t...
- SoftBank's Arm China lays off workers as outlook grimThe layoffs come as SoftBank tries to set up a public listing for Arm this year.
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