On Monday, New York-based video-sharing platform Vimeo announced that it will be laying off 11% of its workforce, citing financial difficulties caused by the ongoing COVID-19 pandemic. The company, which was acquired by IAC in 2006 and then spun off in 2021, has long been a popular choice for videographers and video creators, with a…
(Bloomberg) — Micron Technology Inc., the largest U.S. maker of memory chips, issued a mediocre revenue outlook for the current period, indicating that the slump in demand for computer components will continue, and said it will cut its workforce by about 10 % over the following year. Most read from Bloomberg Revenue will be approximately…
Sohini Bagchi 22 Dec, 2022 Semiconductor firm Micron announced that it would reduce its headcount by about 10% over the next year in response to lacklustre demand for computer components. Â The chipmaker joined the list of latest tech companies that are on a spree to cut jobs and are putting a freeze on hiring.…
Micron Technology Inc., the largest US maker of memory chips, gave a lackluster revenue outlook for the current period, indicating the slump in demand for computer components will drag on, and said it will reduce its workforce by about 10 per cent over the next year. Sales will be about US$3.8 billion in the fiscal…
In a statement and interview provided to TechPowerUp, watercooling specialist EK Waterblocks has announced a severe, 25% cut to its workforce. Citing lower than expected sales volume for watercooling components, around 60 of its current 200 employees based in Slovenia, the company’s home base, will be dismissed. In addition, the company’s 1Q2022 report outlines a…
