Sources: Intel is planning major job cuts, likely in the thousands, as early as this month; some divisions, including sales and marketing, could see ~20% cuts (Bloomberg)

Asa Hiken / Ad Age:
Sources: Crypto.com saw a 30%-40% reduction in headcount between June and August, with 2,000+ employees leaving the company, mostly due to layoffs  —  The cryptocurrency exchange has been dramatically downsizing its marketing deals and headcount in the wake of crypto winter  —  May 7 was a joyous day at Crypto.com.

Jon Victor / The Information:
Source: between Q1 2019 and this fall, Alphabet’s Google Cloud, hardware unit, and YouTube have roughly doubled headcount, as the total employee count grew ~80%  —  Alphabet has doubled the headcount in its Google Cloud unit since early 2019, according to data obtained by The Information, outstripping Alphabet’s overall hiring growth.

Miles Kruppa / Wall Street Journal:
Activist investor TCI, which has a $6B+ stake in Alphabet, calls on the company to aggressively reduce headcount and cut costs in long-term bets such as Waymo  —  Hedge fund says company would be more efficient with fewer employees  —  Activist hedge fund TCI Fund Management called …

Annie Palmer / CNBC:
Internal documents: Amazon is offering voluntary buyouts to some employees as it looks for ways to cut its headcount beyond the massive layoffs already underway  —  – Amazon sent out “voluntary severance” offers to some employees this week as it looks for ways to rein in costs beyond the massive layoffs already announced.

Bloomberg:
Sources: Indonesia’s GoTo Group is planning to cut 1,000+ jobs, more than 10% of its workforce, and curb its costs  —  Indonesia’s largest internet company GoTo Group is planning to cut more than 1,000 jobs as it seeks to trim costs and shore up its finances, according to people familiar with the matter.

Brad Gerstner / @altcap:
In an open letter, Altimeter Capital founder and CEO Brad Gerstner encourages Meta to cut capex by $5B+, cut headcount by 20%+, limit metaverse R&D to $5B/year  —  As you know, we are long-term shareholders.  Despite public skepticism — at times warranted — we have been supporters …