Welcome to IT Pro's News in Review, a weekly bite-sized bulletin of the top tech stories of the week, for the week ending 26 August, 2022.
This week's stories:
- Fujitsu becomes Japan's first domestic company to commercialise quantum computing
- IT teams need to optimise and tackle tech debt ahead of economic downturn, warn analysts
- Intel strikes $30 billion private equity partnership to fund Arizona plant expansion
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Intel to axe 24,000 roles, cancel factory plans in sweeping cost-cutting moveNews Despite better than expected revenue in its Q2 results, the chip giant is targeting a leaner operation
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Pegasystems teams up with AWS to supercharge IT modernizationNews The duo aim to create deeper ties between the Blueprint, Bedrock, and Transform services
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Intel makes high-level hires while factory workers are warned of layoffs
News The company is appointing four senior executives as part of efforts to refocus on engineering and customer relationships
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Intel layoffs confirmed as CEO eyes 'sustainable growth'Intel’s new CEO Lip-Bu Tan has confirmed the company will be cutting its headcount in response to sluggish revenue.
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Everything you need to know about Lip-Bu Tan, Intel’s new CEONews Intel has announced its next CEO in the wake of Pat Gelsinger's retirement, naming former board member Lip-Bu Tan as its new leader months after he quit.
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Intel CEO Pat Gelsinger announces retirementNews Gelsinger’s departure comes amid a tumultuous period at Intel
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AMD to cut around 1,000 staff to focus on "growth opportunities"News The AMD layoffs come after rival Intel cut staff on the back of flagging AI returns
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Meta layoffs hit staff at WhatsApp, Instagram, and Reality Labs divisionsNews The 'year of efficiency' for Mark Zuckerberg continues as Meta layoffs affect staff in key business units
