:Corporate America is making deep cuts to its employee base as part of its restructuring efforts to navigate a potential downturn in the economy from the U.S. Federal Reserve's war on inflation.
The adjustments would start in the fourth quarter, Gelsinger said, but did not specify how many employees would be affected.The software giant laid off under 1,000 employees across several divisions this week, Axios reported, citing a source.The pharmaceutical giant said it might cut some jobs amid inflationary pressure and a strong dollar, with CFO Joseph Wolk saying the healthcare conglomerate is looking at"right sizing" itself.
The cryptocurrency exchange said it planned to cut over 60 jobs, in its recruiting and institutional onboarding teams.
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