Latest news with #WARN
Yahoo
2 days ago
- Business
- Yahoo
Gallo to shut California winery
US-headquartered Gallo is planning to close its Courtside Cellars winery in Saint Louis Obispo County, California. A Worker Adjustment and Retraining Notification Act (WARN) notice filed by the Barefoot winemaker confirmed the closure of the site. The move is expected to impact 47 employees. The site on Mission Street, San Miguel, will close permanently on 8 September, according to the official WARN filing. Just Drinks has contacted the company for additional details on the winery closure in California and what wines were produced at the facility. The winemaker bought the Courtside Cellars site in 2012. The facility was a 34 acres at the time and had the capacity to crush 60,000 tons of grapes The move was intended to support the company's continued growth in California's Central Coast. Gallo had also purchased 300 acres of vineyards in Monterey County earlier that year. Last year, the group sold another California site, the Wild Horse winery, to Continental Wine Collection. The deal included the 'real estate and equipment', but not the brand, the group said at the time. A month later, Gallo also sold two wineries based in Washington state in 2024 to local peer Ackley Brands. The US wine giant offloaded Columbia Winery and Hogue Cellars for an undisclosed sum. Seattle-based Ackley Brands agreed to buy the facilities, stock and equipment of both wineries. A Gallo spokesperson said at the time: 'As a company, Gallo continually evaluates our operating models. We have made the business decision to sell both properties, as well as the related brands, Columbia Winery and Hogue Cellars, to Ackley Brands, a family-owned company based in Seattle.' 'This will allow a local Pacific Northwest wine group with a growing portfolio to move forward with building brand equity and customer relationships on a local, regionalised basis.' "Gallo to shut California winery" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
India.com
19-07-2025
- Business
- India.com
Bad news for employees of this company as it plans to cut over 5,000 jobs; not Ratan Tata's TCS, Narayana Murthy's Infosys, Microsoft or Google, Wipro, it is…
Intel, one of the world's largest chipmaking companies, plans to lay off more than 5,000 employees in the United States as part of an ongoing restructuring initiative aimed at reviving its struggling business. According to Manufacturing Dive, which cited updated Worker Adjustment and Retraining Notification (WARN) filings, the layoffs will primarily affect employees in California, Oregon, Arizona, and Texas. Based on the California WARN filings, the job cuts in Santa Clara and Folsom have nearly doubled, totalling 1,935 employees. Layoffs began on July 11 in Folsom and July 15 in Santa Clara.
News18
19-07-2025
- Business
- News18
Intel Layoffs: Company Announces Over 5,000 Job Cuts In US, Says Report
The layoffs are mainly likely to hit employees in California, Oregon, Arizona and Texas. Intel Layoffs 2025: In a fresh round of job cuts, chipmaker Intel is laying off over 5,000 employees in the US, Manufacturing Dive has reported citing updated Worker Adjustment and Retraining Notification filings. Mainly, the layoffs are likely to hit employees in California, Oregon, Arizona and Texas. The layoffs are part of a broader restructuring plan to turn around the beleaguered company. The job cuts are estimated to be doubled for Santa Clara and Folsom to a total of 1,935 affected employees, according to the California WARN filings. The layoffs started in Folsom and Santa on July 11 and July 15. 'We are taking steps to become a leaner, faster and more efficient company… Removing organizational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution," Intel said in an email on July 9, according to Manufacturing Dive. Last month, Intel started job cuts and sacked 107 employees connected to its headquarters in Santa Clara, California. In a WARN notice, the company had said the layoffs are expected to begin July 15. Additionally, the company also decided to close down its automotive chip business, which was based in Munich, Germany, according to The Oregonian citing an internal memo. According to the memo, 'Intel plans to wind down the Intel architecture automotive business" and will lay off most of its workers in the section. Last month, reports citing CEO Lip-Bu Tan's internal memo suggested that Intel was planning to lay off 15%-20% workers from its chip manufacturing division. The move comes just a month after CEO Andy Jassy warned that adoption of generative AI tools would trigger a workforce reduction. The layoffs at Amazon come after similar action by global giants like Microsoft, Meta, and CrowdSrike recently. Many corporations are increasingly using artificial intelligence to write code for their software and adopting AI agents to automate routine tasks, as they look to save costs and cut reliance on people. CEO Lip-Bu Tan's Turnaround Plans Lip-Bu Tan, who assumed the role of Intel's CEO in March, said in April that the company plans to cut operating expenses by $500 million this year and another $1 billion next year. 'There is no way around the fact that these critical changes will reduce the size of our workforce," he had said. 'We must balance our reductions with the need to retain and recruit key talent," he said in the memo. 'I will empower each of my leaders to make the best possible decisions aligned with our top priorities. These decisions will not be made lightly, and we will keep you regularly informed." Tan has been working on sweeping reforms at Intel, including a revamp of its artificial intelligence (AI) roadmap and chip manufacturing operations. A key element of his plan involves trimming layers of middle management, which he sees as an impediment to faster execution and innovation. In a recent company-wide town hall, Tan cautioned employees that 'tough decisions" lay ahead. Tan, 65, previously served as CEO of Cadence Design Systems and was a member of Intel's board until August 2024. His appointment follows a challenging period for Intel, which reported a $19 billion annual loss in 2024 — its first in nearly four decades — and continues to lose market share to rivals like Nvidia and Arm, especially in the AI chip sector. Intel also announced mass layoffs in August last year. view comments Location : New Delhi, India, India First Published: July 19, 2025, 08:42 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
India.com
17-07-2025
- Business
- India.com
Bad news for employees of this company as it will sack 5000 workers in July due to…, not Ratan Tata's TCS, Narayana Murthy's Infosys, Microsoft or Google, it is…
The wave of layoffs in the IT sector is still continuing in mid of 2025. After Microsoft announced job cuts of 9,000, Intel is now reportedly preparing for one of its largest rounds of job cuts to date. Intel Layoffs According to multiple reports, Intel is expected to lay off over 5,000 employees across four U.S. states. While the company has not made an official announcement, the information was reported from updated Worker Adjustment and Retraining Notification (WARN) filings. In California, Intel has reportedly doubled its layoffs in Santa Clara and Folsom, impacting around 1,935 employees. The job cuts reportedly began on July 11 in Folsom and on July 15 in Santa Clara. Additional layoffs are expected in Oregon, Texas, and Arizona. The downsizing is not only happening in the United States. Media reports suggest that Intel is laying off hundreds of employees in Israel majorly in its Kiryat Gat campus. In Hillsboro, Oregon, the company has reportedly let go of 2,392 workers, while 696 employees were laid off in Chandler, Arizona. Earlier this month, Intel reportedly stated that the layoffs are part of its strategy to become 'leaner, faster, and more efficient.' The company is aiming to eliminate organizational complexity and empower its engineers to better meet customer needs. Microsoft Layoffs On July 2, the company announced that it was cutting 9,000 around 4% of its global workforce affecting employees at all levels. A company spokesperson said Microsoft will keep making structural changes to position itself and its teams for long-term success. This was Microsoft's second major round of layoffs in recent times. Earlier this year, it cut 6,000 jobs in May and an additional 300 in June. In January, it had announced plans to reduce its workforce by 1% based on performance evaluations. In 2023, Microsoft laid off 10,000 employees, and in 2014, it slashed nearly 18,000 positions.
Time of India
17-07-2025
- Business
- Time of India
Intel layoffs announced in July cross 5,000, numbers increase by 4 times in ...
Intel, the global semiconductor giant has announced a a wave of layoffs in July, with the total number of employees crossing the 5,000 mark. This wave of wave of layoffs will affect more than 5,000 employees in the US making it one the largest workforce reductions in the history of Intel. These layoffs are said to be part of the company's restructuring plan under the new CEO Lip-Bu Tan. The company aims to streamline operations and reverse deep financial losses with these job cuts. The layoffs comes at a time when Intel is trying to navigate through the challenging market environment and implement cost-cutting measures. Intel layoffs: The company to fire more than 5000 employees As reported by Manufacturing Dive, the Worker Adjustment and Retaining Notification (WARN) fillings reveals Intel's workforce in California and Oregon will be worst hit by this round of layoffs. The report also adds that apart from California and Oregon, employees in Arizona and Texas will also be impacted by the layoffs. The report adds that Intel has quadrupled its layoff count in Oregon and the company is now planning to cut 2,392 jobs, up four times from earlier estimates of around 500. On the other hand, California will witness 1,935 job losses. Whereas, in Arizona and Texas around 696 and several hundreds of employees will face jobs cuts. Intel layoffs: Employees in these departments will be affected Intel's July layoff wave will impact the engineers in the chip design, cloud software and manufacturing unit. Along with this, senior leaders including business heads and a VP of IT will also face the heat. Other than this, the back-office roles in HR, marketing and training will face job cuts. Lastly, the company will also be eliminating 20% workforce from the Intel's foundry division. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Intel says the layoffs are designed to 'remove organizational complexity' and empower smaller, high-performing teams. Some marketing functions will be outsourced to Accenture, which may use AI tools for customer communications. This move follows 15,000 job cuts in 2024, bringing Intel's total layoffs over the past year to more than 20,000. The report further adds that the affected employees will be soon given a notice. The workers will be given a period of four weeks and they will get the salaries and other benefits for nine more weeks. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
