From enterprise software to drug discovery, artificial intelligence is triggering seismic shifts in corporate R&D strategies. SAP is investing €2 billion annually in AI while planning to cut up to 10,000 jobs. OpenAI is pivoting from its nonprofit roots toward a for-profit model valued at $80 billion. Hardware giants like Intel and AMD are slashing…
Intel’s latest layoffs of 15,000 are part of a recent pattern in tech
Intel’s announcement of 15,000 layoffs is the latest in a wave of workforce reductions impacting the tech sector. Since 2020, major players like Amazon (27,000), Meta (21,000), and Microsoft (14,000) have all significantly reduced their headcounts. Amazon’s cuts have come in several waves, including 18,000 announced in January 2023. Meta’s reductions, part of CEO Mark…