Layoffs announced at multiple companies this summer

This summer has seen a wave of job cuts across various industries, including tech, media, and automotive, with thousands of layoffs expected.

Cisco announced plans to lay off 7% of its workforce as part of a restructuring effort, while Intel plans to cut 15,000 jobs to reduce costs by $10 billion by 2025.

Paramount Global began slashing 15% of its U.S. workforce, primarily in marketing, communications, and corporate functions.

Stellantis will stop manufacturing the Ram 1500 Classic, potentially affecting up to 2,450 workers at its Warren Truck plant in Michigan, Fox Business has reported.

read more: https://www.foxbusiness.com/markets/layoffs-announced-multiple-companies-summer

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