"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 ...

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

Continued lay-offs and further spending cuts are part of the turnaround plan of the US-based chipmaker to save the company's ...

The job cuts - a majority of which have been completed already - are part of an effort by Tan since he took the helm in March ...

Intel announces major workforce reduction with plans to cut 25,000 jobs by the end of 2025 amid restructuring efforts to ...

The firm’s workforce will shrink from 96,400 in June to 75,000 by year-end, aligning with CEO Tan's economically-driven ...

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

More layoffs, fab delays and yet another AI pivot Intel is hacking away at its workforce and torching grandiose European fab ...

In a letter to employees, Intel’s new CEO Lip-Bu Tan acknowledged the difficult period the company is going through.

Intel said on Thursday it is laying off 15 per cent of its workforce and new CEO Lip Bu Tan presented a blueprint for a more ...

Intel plans over 2,300 job cuts in Oregon, part of a global restructuring to become leaner amid intense AI competition.