Dell
Will conduct layoffs as the company plans to get “leaner,” according to an internal memo, and create a new sales unit focused on AI products and services. The number of employees impacted is currently unknown.
Intel
Intel kicked off the month with substantial layoffs, with 15,000 employees accounting for 15% of its total staff affected by the company’s cutbacks. “Our revenues have not grown as expected — and we’ve yet to fully benefit from powerful trends, like AI,” CEO Pat Gelsinger said in a memo announcing the layoffs.
July 2024
Rad Power Bikes
The e-bike startup that has raised more than $300 million from investors has also conducted five rounds of layoffs since April 2021, with TechCrunch exclusively learning that Red Power’s most recent layoffs were conducted in July with an unknown number of Rad Power’s roughly 394 employees impacted.