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Intel cuts hundreds more Bay Area jobs as tech layoffs worsen
Intel CEO Lip-Bu Tan warned in April that the quest for efficiency would be accompanied by painful job losses. The semiconductor company had previously disclosed its intentions to cut 20% of its global workforce, which would equate to 21,000 workers worldwide.
Workers in Oregon’s semiconductor industry give the state a financial boost. Without them, officials say, the effects will ...
Intel told its factory workers this month that it will begin laying off workers in mid-July, and that “initial” cuts will conclude by the end of that month.
Intel plans workforce cuts and a tighter return-to-work policy, but the company, a major Arizona employer, didn't announce specific layoff numbers.
Intel was once the undisputed king of semiconductors, but it lost its competitive edge. Now, a new CEO is making painful choices to right the ship.
New Intel CEO Lip-Bu Tan is trying to turn around the company by making it more efficient and focusing on core products.
The 22,000 layoff figure, if accurate, would be larger than Intel’s last round of mass layoffs in August 2024, when then-Intel CEO Pat Gelsinger announced 15,000 job cuts.
Intel INTC 1.62% is buckling down for a difficult time ahead as new chief Lip-Bu Tan begins a turnaround effort. The company posted a quarterly loss on Thursday and gave a weak revenue outlook. It ...
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