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      magarett90
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      JIP, which previously bought out Olympus Corp’s camera business and Sony Group Corp’s laptop business, will continue to try to secure equity and financing commitments after the deadline, two of the sources said.

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      Chief Executive Pat Gelsinger said the cut to the fourth quarter outlook reflected economic uncertainty expected to last into next year, and that the company was taking time to ramp up sales into data centers, which dropped 27% in the third quarter.

      In late October, JIC expanded the size of its buyout fund to 900 billion yen ($6.11 billion) from 200 billion yen. Two of the sources said the expansion was not just for a Toshiba buyout but also aimed at other deals.

      d out. “People would find out not by any phone call or any email… but just by seeing their work laptop automatically reboot and just to go blank,” Emmanuel Cornet, a French engineer who had been at Twitter for a year and a half, told AFP

      “The amount that we can do with respect to people costs is a minority of our overall cost structure. So driving efficiency in the factory network is way more important to our economics than people cost,” Gelsinger told Reuters, adding that adjustments to flexible workforces can be “quite immediate”.

      added. This weekend, online groups connecting current and former employees were abuzz with talk about their future — but also about the fact several people hit by Friday’s firings said they were called back to work a day later, after management realized their services we

      Intel trimmed its full-year adjusted earnings per share forecast to $1.95 from $2.30. (Reporting by Chavi Mehta in Bengaluru and Jane Lanhee Lee; Editing by Devika Syamnath, David Gregorio and Deepa Babington)

      suit – Cornet was dismissed Tuesday after being told in an email he had “violated” several company policies, without further explanation, after spending an entire weekend in the office on projects launched by edict of the

      jobs. The cull hit the marketing department hard, took two-thirds of the design department and maybe 75 percent of managers. Content moderation was somewhat spared, with a layoff rate of only 15 percent, according to Yoel Roth, head of safety at the

      ntrol. He is preceded by his reputation, from the punishing work rates in his plants to his rejection of telecommuting, which is highly popular in the tech sector, and his absolutist vision of free speech, which his detractors claim can only lead to harassment, disinformation and a tolerance for ha

      Japan Industrial Partners, the private equity firm since selected by Toshiba as a preferred bidder, originally teamed up with state-backed fund Japan Investment Corp in a first round of bidding earlier this year.

      tform. After 24 hours without addressing the layoffs, Musk finally tweeted that “unfortunately there is no choice when the company is losing over $4M/day” and that all those who lost their jobs were “offered three months of s

      Despite being selected as preferred bidder, JIP has struggled to secure enough equity commitments from potential partners, sources have said.
      It now looks set to miss a Monday deadline to deliver a firm proposal that includes letters of commitment from banks, sources have said.

      said. He is one of five former Twitter employees who filed a class-action suit against the company on the grounds that they had not received the 60-day notice required by the 1988 federal Warn Act in the event of a plant closing or ma

      “Our products weren’t shipping new products like Sapphire Rapids, but as those are now in full production and we’re going to be ramping those aggressively, we’re better positioned going forward than we have,” he told Reuters, adding that it would take several quarters to ramp up.

      TOKYO, Nov 6 (Reuters) – Disagreement over whether to keep Toshiba Corp’s management following a potential buyout caused friction between two of its suitors and is now stoking concern among banks, sources said, further complicating an already uncertain process.

      that missed analyst expectations for revenue at its cloud business, AWS, which rose 28% to $20.5 billion. AWS, and other cloud service providers, are big customers of chip makers, including Intel and key to their revenue growth.

      The Japanese government owns 96% of JIC.
      The trade ministry has said the fund cannot spend taxpayer money on a deal just to take a company private and make things easier for management. Any investment would have to fulfil policy goals such as promoting restructuring, it has said.

      Those in the San Francisco building are anxiously waiting for an email with the subject ‘Your Role at Twitter’ to drop into their inboxes by 9am today, while those in New York will find out their fates at 12pm.

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      Vitabm
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