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Intel said it has yet to land “significant” customers for its Intel Foundry business, warning that it may abandon development ...
The chipmaker plans to reduce headcount from 96,400 to 75,000 employees amid restructuring and steeper Q3 losses.
The American chip-making giant is facing a strategic crossroads as it chases rivals like Nvidia and TSMC in the global ...
We] invested too much, too soon—without adequate demand,” said Lip-Bu Tan. The chip giant will slow or abandon a number of manufacturing projects. In the midst of an ongoing turnaround effort, Intel ...
Intel, Microsoft, Amazon, HPE, Meta, and NetApp were among the top companies in terms of tech layoffs in the first half of ...
Unlike previous Intel layoffs, which offered severance or buyouts, the 2025 job cuts provide no such safety net.
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.
The influx of AI technologies, and renewed priorities among organisations seem to be costing thousands of people their jobs.
Intel has begun a new round of layoffs, with over 5,000 employees losing their jobs across four U.S. states. The cuts are deeper than expected.
Intel stock drops nearly 9% after Q2 earnings miss and major layoffs. Here’s what investors need to know as summer leads to ...
July 2025 has continued the trend of workforce reductions across the technology sector, with more expected in the month of ...
The layoffs are partly due to incredibly diminished demand for computers (and chips, by extension, Intel’s core product line). In July, Intel revised its sales forecast for 2022 from $79 billion ...