Intel is undergoing sworkforce reductions as part of a strategy to revive its fortunes under new CEO Lip-Bu Tan. The company plans to reduce its core workforce from 99,500 to 75,000 by the end of the year through layoffs and attrition. In a memo, Tan acknowledged the challenges faced by the business, saying: “We are…

Walmart has hired Daniel Dunker, chief product officer at Instacart, as executive vice president for artificial intelligence acceleration, product and design. He will join Walmart next month and be based in the San Francisco Bay Area. The company also said it is recruiting an AI platforms leader reporting to global chief technology officer Suresh Kumar….

Filipino-American leaders are alarmed about a new 3.5% tax on international remittances introduced under President Donald Trump’s economic reform bill. James Zarsadiaz, director of the Yuchengco Philippine Studies Programme, said: “For decades, Filipinos in the U.S. have often been in the top five countries for remittances . . . the fact that those [remittances] will…

Microsoft has issued an alert about attacks on SharePoint server software used by government agencies and businesses to share documents within organizations, and has recommended security updates that customers should apply forthwith. U.S. state officials and private researchers say hackers have compromised U.S. federal and state agencies, universities, energy companies and an Asian telecommunications company….

Wells Fargo has suspended all travel to China after a banker was blocked from leaving the country, Reuters reports. The move follows Chenyue Mao, a Shanghai-born and Atlanta-based managing director at the banking giant, being subjected to an exit ban after she recently entered China. “We are closely tracking this situation and working through the…

The Trump administration has said federal staff can get permission to work from home or adjust their hours to accommodate religious fasts and prayers, after previously mandating that workers report to offices full time. Office of Personnel Management director Scott Kupor urged agencies to “adopt a generous approach” to allowing employees to work remotely before…