Dive into the tech & future
Bloomberg | | Posted by Ritu Maria Johny Intel Corp., struggling with a rapid drop in revenue and earnings, is cutting management pay across the company to save cash it needs to invest in a turnaround plan. Chief Executive Officer Pat Gelsinger is taking a 25% cut to his base salary, the chipmaker said Tuesday. … Read more
PayPal Holdings Inc. said it will cut 2,000 staffers as it contends with a macroeconomic slowdown that’s weighed on the firm’s business in recent quarters. The cuts, which will affect about 7% of employees, will take place in the coming weeks, Chief Executive Officer Dan Schulman told employees in a memo. “While we have made … Read more
A woman who documented the journey of landing her dream job at Spotify, which started in 2021 thanks to a themed resume, has now shared she was fired in the recent layoffs. In April last year, Emily Vu was hired as a PM intern with the digital music service after her green and grey coloured … Read more