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Intel’s Steady Decline Continues With 15% Cut to Staff and Scrapped Factory Plans
Intel CEO Lip-Bu Tan told employees in a staff-wide memo yesterday that the company plans to cut its workforce by roughly 15%—more than 25,000 jobs—aiming to end the year with about 75,000 employees worldwide. The cuts are part of the struggling chipmaker’s efforts to turn things around and compete in the booming AI market.
Intel CEO Lip-Bu Tan announces 15% job cuts and cancels expansion plans as the company refocuses on core products, cost ...
The storied chipmaker cut management layers by half and plans to reduce its overall workforce by 15% amid a broader austerity ...
AMD gains momentum with AI chips ahead of Aug. 5 earnings, while Intel stumbles on foundry strategy and market share loss.
OpenAI CEO Sam Altman says the AI industry's obsession with benchmarks is outdated—comparing it to the old Intel-AMD speed ...
Intel is looking for investors in order to spin-off its long-running Network and Edge Group (NEX), which generated $5.8 ...
Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO ...
The Computer Graphics Video Quality Metric (CVGM) tool aims to detect and rate distortions introduced by modern rendering ...
Lip-Bu Tan seemingly also said that "we are not in the top 10 semiconductor companies" any longer - a frank admission indeed.
Apple could move to a dual-sourcing semiconductor strategy with next-gen 1.4nm chips using both Intel and TSMC for future ...
July 2025 has continued the trend of workforce reductions across the technology sector, with more expected in the month of ...
Key Points Intel scaled back its AI accelerator ambitions earlier this year.The company now appears to be refocusing on AI ...
The Register on MSN8h
AI don't know: Enterprises slow to pick up on Copilot+ PCs
Businesses don't seem to care about exclusive features like Recall Copilot+ PCs are so far failing to penetrate the enterprise as IT decision makers remain understandably unimpressed with the ...
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