News
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.
The Silicon Valley chip company, which has been struggling, quantified the job cuts it is making as it seeks to turn its ...
Intel’s stock jumped early in 2025 as optimism built around new leadership, but shares fell over 9% after Thursday’s Q2 ...
Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the fortunes of the ...
The US tech industry is undergoing a significant transformation due to the rise of AI, leading to substantial layoffs at ...
"We are making hard but necessary decisions to streamline the organization," writes the tech giant's CEO in a memo to ...
This means that the much-vaunted megafab near Magdeburg in eastern Germany, first announced in 2022, will not be built. Intel ...
Cryptopolitan on MSN1d
Intel could leave the chip manufacturing business unless it adds a next-gen tech partnerIntel may be forced to leave the chip manufacturing business if it can’t find a major external partner for its 14A process.
Intel Corp. tumbled in premarket trading after Chief Executive Officer Lip-Bu Tan sparked concerns that he was more focused ...
NBC4 WCMH-TV on MSN5d
Former Intel employee says understanding AI is key to Ohio’s emerging tech marketSilicon Valley insider and former Intel employee James Cape said Ohio is well-positioned to become a technological ...
Continued lay-offs and further spending cuts are part of the turnaround plan of the US-based chipmaker to save the company's ...
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback