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Intel Confirms Mass Layoffs

TechRepublic · 18h

‘Hard but Necessary Decisions’ — Intel to Cut Jobs, Cancel Expansions

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

Reuters on MSN · 2d

Intel is cutting more jobs as CEO Tan tries to fix manufacturing missteps

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 Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chipmaker that would issue "no more blank checks.

PCMag on MSN · 1d

Intel Confirms Mass Layoffs, Over 24,000 Jobs To Be Cut This Year

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 Stock Tumbles

Computerworld · 1d

Intel to lay off 22% of workforce as CEO Tan signals ‘no more blank checks’

The chipmaker plans to reduce headcount from 96,400 to 75,000 employees amid restructuring and steeper Q3 losses.

USA TODAY · 1d

'No more blank checks': Intel looks committed to Arizona, even as it retreats elsewhere

Despite layoffs, Intel appears to remain committed to its ongoing site expansion in Arizona as it retreats from other planned projects.

Barron's on MSN · 1d

Intel Stock Tumbles After CEO Says ‘No More Blank Checks’ for Chip Foundry

Intel stock was down sharply Friday after the chip maker reported better-than-expected revenue but failed to resolve doubts about its future in chip manufacturing. “Over the past several years, the company invested too much,

11h

Intel’s Harsh Reality Nullifies Tariff Boost — Heard on the Street

In a way, Intel just reported its best quarter in years. But given the harsh realities the chip maker faces, that’s no longer ...

1don MSN

Intel slumps as potential foundry exit deepens investor gloom

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

1d

Intel slides after CEO struggles to show turnaround on track

Intel Corp. tumbled in premarket trading after Chief Executive Officer Lip-Bu Tan sparked concerns that he was more focused ...

1d

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% ...

2d

Intel Expects Work Force to Shrink by 25,000

The Silicon Valley chip company, which has been struggling, quantified the job cuts it is making as it seeks to turn its ...

1don MSN

Intel plans to shed thousands of workers

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the struggling chipmaker's ...

2d

Intel’s CEO needs a path to profits to win over stock skeptics

Back in April, Intel Corp.’s newly appointed Chief Executive Officer Lip-Bu Tan told investors on his inaugural earnings call ...

18hon MSN

Gabbard and White House 'lying' about intel on Russian interference in 2016, ex-CIA official says

"We definitely had the intel," Susan Miller, who helped oversee the 2017 intelligence assessment of Russia's efforts in the ...

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