Latest news with #AdjustmentandRetrainingNotification
Indian Express
17-07-2025
- Business
- Indian Express
Intel follows Microsoft with 5,000+ layoffs in one of July's biggest tech job cuts
The spate of layoffs in the IT sector seems to be moving forward unabated. Earlier this month, Redmond-based tech giant Microsoft announced that it was laying off 9,000 employees, now chipmaker Intel is reportedly gearing up for its biggest job cuts yet. Several reports seem to be suggesting that Intel is gearing up to lay off over 5,000 employees across four states in the US. While Intel has not made any official announcement, the genesis of the news seems to be the company's recently updated Worker Adjustment and Retraining Notification filings. Reportedly, the company doubled its layoffs in California's Santa Clara and Folsom which seems to have impacted 1,935 employees. Reportedly, the job cuts began on July 11 in Folsom, and Santa Clara on July 15. The job cuts at Intel are reportedly going to affect more workers in Oregon, Texas, and Arizona. Layoffs are just not limited to the US, several other reports suggest that Intel is also laying off hundreds of its staff from Israel, especially those working at its Kiryat Gat campus. According to reports, Intel has also changed its layoff estimates in other parts of the US. The company sacked 2,392 people in Hillsboro, Oregon, and 696 in Chandler, Arizona. Earlier this month, explaining its spate of layoffs, Intel reportedly said that it was taking steps to become 'leaner, faster, and more efficient'. The purported mail said that Intel was working towards removing organisational complexity and empowering its engineers to better serve the needs of customers. Earlier this month, it was reported that Microsoft was slashing close to four per cent of its global workforce. On July 2, Microsoft said that it was axing 9,000 jobs from across the team impacting professionals of all levels of experience. The company' spokesperson said that Microsoft will continue to implement organisational changes needed to best position the company and its teams for success. So far, Microsoft has been laying off its staff sporadically. In January, the company said that it was planning to slash one per cent of its staff based performance. In May this year, Microsoft cut 6,000 jobs and an additional 300 in June. This is the company's second biggest layoff in recent times. In 2023, it laid off 10,000 employees and nearly 18,000 in 2014. All of these layoffs show how Microsoft is making efforts towards reducing its headcounts.
Yahoo
11-06-2025
- Business
- Yahoo
Wisconsin energy company to permanently close facility, 66 employees laid off
SAUKVILLE, Wis. (WFRV) – A Wisconsin company that provides energy solutions, including power generation and energy storage, has announced it will be closing its facility and laying off 66 employees. According to a Worker Adjustment and Retraining Notification (WARN) letter submitted to the Wisconsin Department of Workforce Development (DWD), Discover Energy, LLC, doing business under the name Rehlko (formerly known as Kohler Energy), is permanently closing its Saukville facility located at 300 N. Dekora Woods Blvd. Vehicle fire in Wisconsin controlled by sprinkler system, no one hurt Company officials said the facility is targeted to close by December 31, 2025, with layoffs occurring in three waves. Wave one will occur on or within 14 days of August 8, wave two on or within 14 days of September 5, and wave three on or within 14 days of December 31. The WARN letter states that the 66 employees being laid off are not represented by a union, and bumping rights do not apply. Bumping rights would allow senior employees to take over positions currently held by less senior employees, but this will not be the case in this instance. Terroristic threat charge being referred for Wisconsin 6th grader after email sent to middle school According to the DWD, this marks the third layoff notice in Wisconsin for the month of June. For more information on layoffs in Wisconsin, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
19-05-2025
- Business
- Yahoo
Truvant to close one of its Wisconsin facilities, 74 employees impacted by layoffs
PRAIRIE DU CHIEN, Wis. (WFRV) – A packaging and labeling company in southwestern Wisconsin is preparing to shut down one of its facilities, citing shifting business conditions and resulting in layoffs affecting dozens of workers. According to a Worker Adjustment and Retraining Notification (WARN) letter filed with the Wisconsin Department of Workforce Development, Truvant North America will permanently close its Prairie du Chien North facility at 800 N. State Street. Green Bay Police release identity of woman pulled from Fox River, foul play not suspected The closure will impact all 74 employees currently working at or reporting to the site. Of those, 44 jobs will be permanently eliminated. The remaining 30 employees have accepted offers to transfer to other Truvant facilities located within reasonable commuting distance. Truvant says layoffs are expected to begin on or around July 15, 2025, with the full closure scheduled for that same day. The company says it is providing employees with at least 60 days' notice. Trio arrested in Fond du Lac County after nearly 18-mile pursuit, drove on airport's taxiway The affected employees are not part of a union, and bumping rights, which would allow more senior employees to displace junior ones, will not apply in this case. For more information, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
19-04-2025
- Business
- Yahoo
JLL to cut jobs at Amazon's Lake Nona facility
Editor's note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal. JLL Inc. will cut jobs at Amazon's Lake Nona distribution facility. The Chicago-based company (NYSE: JLL) announced in an April 14 Worker Adjustment and Retraining Notification (WARN) letter it will lay off 86 people at 12340 Boggy Creek Road in Orlando due to Amazon selecting a different staffing contractor. Read: A warm start to Easter weekend across Central Florida JLL will begin making cuts on June 14. Click here to read the full story on the Orlando Business Journal's website. Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.
Yahoo
11-04-2025
- Business
- Yahoo
Teleflex to close Minnesota facility, cut 101 employees
This story was originally published on MedTech Dive. To receive daily news and insights, subscribe to our free daily MedTech Dive newsletter. Teleflex will close a manufacturing facility in Maple Grove, Minnesota, by next March and cut more than 100 employees as a result. The planned closure will affect an expected 101 positions, according to a Tuesday Worker Adjustment and Retraining Notification filing obtained by MedTech Dive. The Minnesota Star Tribune first reported the cuts. Most laboratory and manufacturing operations are expected to cease by June 30, with the layoffs occurring on July 1, according to the filing. Teleflex did not respond to a request for comment on why it was closing the Maple Grove facility. In February, Teleflex announced it would split into two separate, public entities. A new company would comprise Teleflex's urology, acute care and OEM businesses, while the remaining company would include the vascular access, interventional and surgical businesses. Simultaneously, Teleflex bought Biotronik's vascular intervention division. Teleflex aims to streamline manufacturing during the restructuring. The company aims to reduce the number of facilities from the combination of Biotronik and the remaining company from 19 facilities to seven, CEO Liam Kelly told investors in February. The Maple Grove site was used to make diagnostic and interventional catheters, according to the company's website. Teleflex's remaining company had pro forma revenue of $2.1 billion in 2024 with the Biotronik acquisition. Recommended Reading Teleflex to split in 2, buy Biotronik assets for $791M among slew of actions
