Intel to reportedly fire 20 per cent of its staff this week

American chipmaker Intel is set to announce a purge of over 20% of its staff this week as it aims to pare back bureaucracy and build a more engineering-focused culture.

This marks the first major move by new CEO Lip-Bu Tan, who took over in March.

The exact number of impacted employees and the timing of the layoffs remain unclear, but the cuts could affect thousands of workers globally.

Intel has seen sales decline in recent years as it has struggled to keep pace with rivals such as Nvidia in artificial intelligence computing.

Reference Sources

1. quartz - Intel is making massive cuts to its workforce
2. standard - Intel planning to cut more than 20% of staff – reports
3. rappler - Intel set to cut more than 20% of workforce – report
4. indiatoday - Intel to reportedly fire 20 per cent of its staff this week
5. brusselstimes - Intel planning to lay off a fifth of its global workforce

YouTube says more than 20 billion videos uploaded in 20 years

(Source: Getty Images)

YouTube celebrated the 20th anniversary of its first video upload, a grainy 19-second clip titled "Me at the zoo" that was uploaded by one of its founders, Jawed Karim.

The video, which was shot at the San Diego Zoo, ushered in a new era in online video and opened the gates for users from around the world to post funny, viral videos that could take the Internet by storm, racking up millions of views and earning some millions of dollars.

YouTube has evolved from a simple video-sharing site into a global media juggernaut, with more than 20 billion videos, including music, shorts, podcasts, and more.

Reference Sources

1. nbc - YouTube at 20: Platform says more than 20 billion videos have been uploaded since 2005
2. straitstimes - YouTube says more than 20 billion videos uploaded in 20 years
3. cnbc - YouTube turns 20 and is on track to be the biggest media company by revenue
4. nytimesen - YouTube Turns 20: From ‘Lazy Sunday’ to ‘Hot Ones’
5. latimes - YouTube turns 20 years old. How it changed TV as we know it

Elon Musk Warns China’s Rare Earth Restrictions May Delay Tesla Robots

(Source: AFP)

Tesla CEO Elon Musk has said that China's new trade restrictions on rare earth magnets have affected the production of the company's Optimus Humanoid robots, which rely on the exports.

China has tightened export controls on seven rare-earth metals, a move that underlines China's dominance in a market essential for making everything from fighter planes to smartphones. Notably for Tesla, these metals are critical to the small but powerful motors Musk says will soon enable Optimus robots to perform household chores and work on the electric-vehicle maker's assembly lines.

Reference Sources

1. fortune - Elon Musk says Tesla will have ‘thousands’ of Optimus robots by year’s end, but China slapping controls on rare earths is hobbling production
2. nytimesen - Elon Musk Warns China’s Rare Earth Restrictions May Delay Tesla Robots
3. huffpost - Musk Claims Tesla Robots Delayed By China Tariffs As Backlash Continues
4. cnbc - Tesla's Optimus humanoid robots hit by China's rare earth restrictions, says Musk
5. malaymail - Musk says Tesla's Optimus humanoid robots affected by China's export curbs on rare earths

The CommonWealth English daily news digest is a service curated by the CommonWealth English team with the help of AI tools.

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