Intel CEO Lip-Bu Tan announces 15% job cuts and cancels expansion plans as the company refocuses on core products, cost ...

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the fortunes of the ...

The chipmaker, which recently revealed 2,400 layoffs in Oregon, will need to trim thousands of additional jobs to reach an ...

The American chip giant on Thursday afternoon said in a letter from CEO Lip-Bu Tan, published online in concert with the ...

Intel hopes to have just 75,000 core employees by year-end, about a third fewer than it had at the end of 2024.

Intel CEO Lip-Bu Tan warned in April that the quest for efficiency would be accompanied by painful job losses. The ...

A number of high-profile technology companies have announced job cuts this summer as the industry faces rapid change.

Intel said Thursday it has mostly completed plans it announced last quarter to cut 15% of its workforce, as the struggling chipmaker attempts a turnaround.

Theoretically, the main cause of mass layoffs is attributed to the stronger adoption of AI. The latest to join the bandwagon ...

Intel said it has yet to land “significant” customers for its Intel Foundry business, warning that it may abandon development ...

Intel on Thursday posted quarterly revenue that topped market expectations, saying it has cut about 15 per cent of its ...

Intel Corp. is cutting more than 500 positions in Oregon as part of a layoff plan that’s ultimately expected to affect ...