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tech industry layoffsGlobalData
•79% Informative
Infineon has announced it will cut 1,400 jobs globally and relocate a further 1,000 to countries with lower labour costs.
The German chipmaker's revenue for the April-June quarter totalled 3.7bn ($ 4bn ), a 9% decrease from the year prior .
Mass layoffs across the technology industry have continued throughout 2024 following a tumultuous 2023 .
VR Score
77
Informative language
74
Neutral language
71
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semi-formal
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English
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52
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short-lived
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3
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2
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