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Intel Begins California Layoffs, 'Voluntary Unpaid Leave' Program |  CRN

Intel Begins California Layoffs, ‘Voluntary Unpaid Leave’ Program | CRN

IT news Shane Snider December 06, 2022, 5:47 PM EST The job cuts are likely just the first salvo as the Santa Clara-based semiconductor giant seeks to cut up to $10 billion by 2025. Intel began its planned layoffs near home with cuts to its California operations totaling 201 people as part of a broader …

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Black Friday muted for US retail stocks as holiday shopping begins

Black Friday muted for US retail stocks as holiday shopping begins

NEW YORK, Nov 25 (Reuters) – U.S. retail stocks held steady on Friday as investors watched holiday spending to gauge consumer confidence at a time of rising inflation and interest rates weigh heavily on Main Street. Consumer discretionary stocks, as measured by the S&P 500 consumer discretionary sector, which benefits from retail, restaurant and vacation …

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