Layoffs 2023: Global appreciation of Intel’s decision. The key decision instead of job cuts

Layoffs 2023: It is taking the fastest steps to lay off a large number of employees. Many tech companies around the world are laying off employees. Google, Microsoft…

Until yesterday Twitter… and now Microsoft… were the leading companies competing in the layoff program. IT giant Microsoft has also started laying off employees. Some large companies, as well as smaller companies, have become accustomed to announcing layoffs. You are taking the fastest steps to lay off a large number of employees. Many tech companies around the world are laying off employees. Big companies like Google and Microsoft have laid off thousands of employees recently. Now, while PayPal and Hubspot have announced layoffs, another giant company, Intel, has decided not to indulge in such atrocities. Instead of treating jobs mercilessly, he announced pay cuts for some. He also cut the salaries of the superior bosses and not those of the junior employees. That’s also only 5 to 10 percent.

Global semiconductor maker Intel (Intel) has cut salaries for management and high-level staff, including the chief executive. The technology company plans to cut CEO Pat Gelsinger’s base salary by 25 percent, Intel told Bloomberg. The executive leadership team’s salary will be reduced by 15 percent. 10 percent reduction in senior manager salary and a 5 percent reduction in mid-level manager salary.

Intel’s decision is being praised around the world. The decision made by Intel is said to be much better than the companies that are using it in the name of cuts. It is said that if the jobs of small employees are lost, families will end up on the roads.

HubSpot employs 7 percent

To lay off Software company HubSpot has announced that it will lay off 7 percent of its workforce worldwide. As a result, around 500 people will lose their jobs. The company’s CEO, Yamini Rangan, wrote: “We had to make one of the most difficult decisions in HubSpot’s history. We decided to reduce the size of our team by 7 percent. We said goodbye to about 500 HubSpotters. I deeply regret this action.” He said.

PayPal 2 thousand employees…

Credit card and online payment interface PayPal Holdings said Tuesday it will cut its workforce by 7 percent. This number is around 2,000 employees.

Apple survives layoffs Most big tech companies have cut costs. Apple is currently the only major company that has managed to avoid the reduction so far. The company took a 40 percent cut in CEO Tim Cook’s salary to avoid downsizing.