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Yahoo
23 minutes ago
- Yahoo
Intel to slash workforce by year-end as it forecasts steeper losses than expected
By Arsheeya Bajwa, Stephen Nellis and Max A. Cherney (Reuters) -Intel said on Thursday it plans to slash its headcount to 75,000 by the end of this year, down from 99,500 at the end of 2024. Shares of Intel jumped roughly 3.8% in extended trading. The Santa Clara, California-based chipmaker disclosed the layoff goals as it forecast steeper third-quarter losses than Wall Street estimates on Thursday, despite anticipating higher sales than analysts expected while new CEO Lip-Bu Tan steers the company through a historic turnaround. The outlook comes as investors pushed Intel's shares up 14% this year, in the hopes of Tan undoing years of strategic mistakes that have exempted the company from the AI boom dominated by Nvidia. The company said it expects a third-quarter loss of 24 cents per share, steeper than estimates of losses of 18 cents per share, according to data from LSEG. Intel expects revenue of $12.6 billion to $13.6 billion for the September quarter, with a midpoint of $13.1 billion that was higher than analysts' average estimate of $12.65 billion, according to data compiled by LSEG. Growth in the PC market is uncertain after customers pulled shipments forward to the first half of the year amid ongoing trade negotiations, analysts have said. Shipments of PCs rose 6.5% in the June quarter according to data from International Data Corporation. While semiconductors are currently exempt from U.S. President Donald Trump's sweeping global tariffs, Intel and its fellow chipmakers are facing customers who are reluctant about spending commitments amid widespread macroeconomic uncertainty. Intel's second-quarter revenue for the period ended June 28 was flat at $12.9 billion, snapping a four-quarter streak of sales declines. The result beat estimates of $11.92 billion, according to LSEG data. CEO Tan has been focusing on a next-generation chipmaking process called 14A to win big external customers, shifting away from 18A, a technology that his predecessor Pat Gelsinger had spent billions of dollars to develop, Reuters has reported. Tan has also focused on streamlining the organization and reducing its workforce. In April, Intel agreed to sell a 51% stake in its Altera programmable chip business for $4.46 billion. Intel said job cuts contributed to restructuring costs of $1.9 billion in the second quarter. It recorded June quarter adjusted losses of 10 cents per share, compared with estimates of a profit of 1 cent per share. Its unadjusted loss was 67 cents per share in the second quarter, steeper than analyst estimates of a 26-cent-per-share loss. Sign in to access your portfolio
Hamilton Spectator
25 minutes ago
- Hamilton Spectator
Fans buzzing after ‘Breaking Bad' creator shares teaser for new Apple TV+ show – with countdown ending Friday
'Breaking Bad' fans were excited there might be another spinoff coming. But it looks like the popular show's creator Vince Gilligan — who's also behind 'Better Caul Saul' — was instead teasing a preview of his new Apple TV Plus show, with working title 'Wycaro 339,' a sci-fi series. On social media this week, fans were speculating after the 'Breaking Bad' X account shared a quick trailer. Happiness is contagious. The photo shows a cotton swab forming a smiley face in a petri dish, along with the words 'happiness is contagious,' and it had people buzzing. A similar themed countdown is on YouTube for Apple TV , with the theme 'Happiness is Contagious.' A time clock is counting down to Friday, July 25, at 3 p.m. – with some fans are speculating that's when a trailer will drop for the new show. From the Creator of Breaking Bad. 'It's possibly an adaptation of the book 'All Better Now' of Neal Shusterman,' @AnKo96X said in a Reddit post . 'A deadly and unprecedented virus is spreading. But those who survive it experience long-term effects no one has ever seen before: utter contentment. Soon after infection, people find the stress, depression, greed, and other negative feelings that used to weigh them down are gone.' 'He just makes such great television! My best times watching TV was live watching of 'Breaking Bad' and then 'Better Call Saul.' I need a new show that delivers and continues to deliver. I thought 'Severance' was that, but season 2 was a disappointment,' @something_below wrote on Reddit . 'Please not another boring series with no action solely to perpetuate drug use by the children of our country,' @williamclaybags wrote on X . According to , only actors Rhea Seehorn — who was in 'Better Caul Saul,' Karolina Wydra — from 'True Blood' and Jennifer Bravo are confirmed to be in the show so far. The show has been picked up for two seasons by Apple TV+. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Yahoo
an hour ago
- Yahoo
Top Talent Management Platforms for HR in 2025 Revealed in Info-Tech Research Group's New Data Quadrant Report
A recently published Data Quadrant report from Info-Tech Research Group has revealed the Talent Management platforms users ranked as the top solutions in 2025 that HR teams are using to improve talent acquisition, development, and overall workforce management. The data insights and rankings are based on verified user feedback collected through the firm's SoftwareReviews platform. TORONTO, July 24, 2025 /PRNewswire/ - Info-Tech Research Group has released its annual Talent Management Data Quadrant Report and names the top five solutions for 2025. Based on data from SoftwareReviews, a division of the global research and advisory firm and a trusted source for insights into the software provider landscape, the report is helping organizations select leading talent management solutions that automate key HR processes such as recruitment, performance management, learning and development, and compensation. A Talent Management System (TMS) plays a key role in helping organizations hire the right people, support employee growth, and manage performance effectively. With increasing competition for skilled talent, organizations are increasingly looking beyond basic HR tools. The ideal TMS brings together recruitment, learning, performance, and compensation into one system that supports both employee success and business goals. Data from 694 end-user reviews on Info-Tech's SoftwareReviews platform was used to identify the top talent management system providers for the 2025 TMS Data Quadrant report. Info-Tech's Data Quadrant is a comprehensive evaluation tool that uses the feedback of the professionals using the tool to rank software products based on likeliness to recommend, feature scores, net emotional footprint score, and vendor capabilities. These dimensions are aggregated into a Composite Score (CS), which reflects overall user satisfaction and determines the product's placement within the Data Quadrant. The firm's methodology ensures that rankings are based entirely on authentic user reviews, free from analyst opinions or vendor influence. The insights are published to help organizations evaluate solutions that improve talent acquisition, enhance employee development, and support effective workforce management. The 2025 Talent Management System - Champions are as follows: Dayforce, 8.3 CS, ranked high for its broad range of features. isolved People Cloud, 8.2 CS, ranked high for its strong collaboration capabilities. BambooHR, 8.2 CS, ranked high for delivering significant business value. Deltek Talent Management, 8.1 CS, ranked high for its compensation management. Workday Talent Management, 7.8 CS, ranked high for its onboarding and offboarding functionality. User assessments of software categories on SoftwareReviews provide an accurate and detailed view of the constantly changing market. Info-Tech's reports are informed by the data from users and IT professionals who have intimate experience with the software throughout the procurement, implementation, and maintenance processes. Read the full report: Best Talent Management System Solutions 2025 For more information about Info-Tech's SoftwareReviews, the Data Quadrant, or the Emotional Footprint, or to access resources to support the software selection process, visit About Info-Tech Research Group Info-Tech Research Group is one of the world's leading research and advisory firms, serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations. To learn more about Info-Tech's divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software buying insights. Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm's Media Insiders program. To gain access, contact pr@ For information about Info-Tech Research Group or to access the latest research, visit and connect via LinkedIn and X. About SoftwareReviews SoftwareReviews is a division of Info-Tech Research Group, a world-class technology research and advisory firm. SoftwareReviews empowers organizations with the best data, insights, and advice to improve the software buying and selling experience. For buyers, SoftwareReviews' proven software selection methodologies, customer insights, and technology advisors help maximize success with technology decisions. For providers, the firm helps build more effective marketing, product, and sales processes with expert analysts, how-to research, customer-centric marketing content, and comprehensive analysis of the buyer landscape. View original content to download multimedia: SOURCE Info-Tech Research Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
