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CHIPMAKER DOWNSIZING
Nasdaq ends slightly up, S&P 500 flat as Fed brings little surpriseThe Nasdaq saw a slight increase, buoyed by chip stocks, while the S&P 500 remained nearly flat as investors reacted cautiously to the Fede...- Year ender 2025: Amazon, Meta and other major tech giants announced massive job cuts. Why 2025 became year of layoffsYear Ender 2025: 2025 saw massive job cuts across major companies, especially in tech. Microsoft, Amazon, and Google led the way. This wave...
- Micron to exit server chips business in China after ban, sources sayMicron was the first US chipmaker to be targeted by Beijing - a move that was seen as retaliatory for a series of curbs by Washington aimed...
- Micron to exit server chips business in China after banMicron is ending server chip sales to Chinese data centers. A 2023 government ban impacted its business. The company will still supply Leno...
- ETSA 2025 winners are here; Job cuts at MPLThe winners of the 11th edition of The Economic Times Startup Awards are here. This and more in today’s ETtech Top 5.
- Intel cuts over 500 jobs in Oregon as part of layoff planThe Oregon job reduction will hit facilities in Aloha and Hillsboro starting on July 15, Intel said in a regulatory filing. The layoffs are...
- Intel on fire: Shares surge 5% - Top factors fueling the rallyIntel stock surged 4.84% to $23.07 as the tech giant moves ahead with global layoffs to streamline operations and boost efficiency under it...
- Infy lays off trainees; Amazon, Flipkart warehouses raidedIT major Infosys has laid off more trainees from its Mysuru campus. This and more in today's ETtech Top 5.
- Digital lenders’ RBI plea; Peak XV’s top-level churnDigital lenders are asking India’s central bank to loosen the reins around unsecured lending. This and more in today’s ETtech Morning Dispa...
- Inside Flipkart’s top-deck churn; FM to meet fintechsAt least four senior vice-presidents (SVPs) at Flipkart including Ayyappan R, head of travel booking website Cleartrip; Amitesh Jha, who le...
- Qualcomm to lay off over 1,200 employees in US: ReportAccording to a recent filing with the California Employment Development Department, the company informed it will be laying off about 1,064 ...
- Indian portfolio firms Swiggy, Lenskart, FirstCry, OfBusiness preparing to go public soon: SoftBank’s Navneet GovilSoftBank's Vision Fund swung to a profit after six straight quarters of losses and said it will begin investing after a prolonged period of...
- US stock market: Wall Street slumps as Fed heightens recession fearsEquities have rallied since hitting lows for the year in mid-October, as signs of cooling inflation sparked optimism that the end of the Fe...
- Intel remains committed to IndiaIntel, which has announced layoff of 10,500 employees worldwide, said it remains committed to India.
- Intel in firing mood, Indians too to payIntel's 3,000-strong team in India is likely to be a part of the layoff chunk.
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