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

The layoffs are one of the first major decisions made by Intel Chief Executive Lip-Bu Tan (pictured), who took over the ...

Intel said it has yet to land “significant” customers for its Intel Foundry business, warning that it may abandon development ...

The influx of AI technologies, and renewed priorities among organisations seem to be costing thousands of people their jobs.

The American chip-making giant is facing a strategic crossroads as it chases rivals like Nvidia and TSMC in the global ...

Intel has revealed plans to reduce its total workforce to 75,000 "core employees" and also expects to pull back from projects ...

Intel has disclosed plans for massive layoffs that will lead to a loss of 15,000 jobs worldwide, a wrenching restructuring ushered in by "disappointing" results for the legendary tech titan.

Intel notified California officials last week that it would lay off a little over 100 workers at its Silicon Valley headquarters and more than 100 others at its site in Folsom. It hasn’t yet ...

Intel plans to eliminate 450 jobs at its Jones Farm campus in Hillsboro, by far the largest share of this week’s layoffs. That is a large site home to software, engineering, research and various ...

Intel, Microsoft, Amazon, HPE, Meta, and NetApp were among the top companies in terms of tech layoffs in the first half 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 ...