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

"We are making hard but necessary decisions to streamline the organization," writes the tech giant's CEO in a memo to ...

Intel CEO Lip-Bu Tan told employees in a staff-wide memo yesterday that the company plans to cut its workforce by roughly 15% ...

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 ...

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

Despite beating second quarter revenue expectations, the tech company faces analyst discomfort over its layoffs and possible ...

LONDON (Reuters) -Shares of Intel were down 5.8% in Frankfurt on Friday after the company said it expects steeper losses than ...

The FCC approves the Paramount-Skydancer merger. Intel announces more job cuts amid steep revenue losses. Amazon warns Prime ...

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.

Intel’s plans appeared to deflate investors. Intel shares took a hit, with Intel’s market value showing a loss of $8 billion ...

Intel provided more detail about the scope of its planned changes while sharing its second-quarter earnings results.

Intel shares sank 8% on Friday after the company warned of exiting chip manufacturing if it fails to secure a major customer, ...