An American multinational corporation and technology company, Intel will sack its workforce to reduce costs.
However, the exact number of job cuts has not been disclosed but job cuts will take place across the board.
According to the reports of Business Today, “Intel is working to accelerate its strategy while navigating a challenging macro-economic environment. We are focused on identifying cost reductions and efficiency gains through multiple initiatives, including some business and function-specific workforce reductions in areas across the company.”
“We continue to invest in areas core to our business to ensure we are well-positioned for long-term growth. These are difficult decisions, and we are committed to treating impacted employees with dignity and respect”, the report added.
Edtech firm Cuemath lays off 100 employees, focuses on LCX and retention
Edtech firm Cuemath has laid off 100 employees across functions citing conservative capital markets, rapidly changing technology, and AI ecosystems.
Manan Khurma also announced he will be taking over as CEO to help build a better learning and consumer experience
He shared a post on Linkedin and said, “In this context, we are making some changes at Cuemath. Given the need to deeply focus on building a great learning and consumer experience (LCX), I will get back into the role of running the company day-to-day as CEO. Our current CEO, Vivek Sunder – a phenomenal hyper-scale business operator – will transition from his full-time role to continue to work with me and the team, in an advisory capacity, on his many areas of expertise – like acquisition funnels and GTM strategies.”
“In addition, some functions and roles will also be rationalized, to reflect our increased focus on LCX and retention. While this will impact some talented people who have contributed a lot to Cuemath, we are committed to supporting our affected colleagues with everything they need to ensure a smooth transition into the next phase of their professional journey. And we are incredibly grateful to them for being part of the math mission thus far”, the post added.
The post further said, “Finally, from the company’s perspective, we continue to have a huge opportunity ahead of us – solving the world’s math learning problem. And to make a dent in this once-in-a-generation problem, we will continue to invest thoughtfully and hire strategically.”
