Intel's CEO and its executive leadership team are taking pay cuts of up to 25%, as the company attempts to navigate a shaky economy and avoid further layoffs, Reuters reported.

Also, another recent WARN notice shows that Intel has increased its planned layoffs in Arizona from 170 to almost 700. This new round of layoffs means Intel has cut over 20,000 jobs, a year after it ...

Intel’s layoffs appear similar in scale to last year’s cuts and will have a profound effect on Oregon’s economy.

Intel has begun laying off thousands of employees in the US and Israel as part of a major AI restructuring push. CEO Lip-Bu Tan admitted the company can no longer compete in high-end AI hardware and ...

Workers in Oregon’s semiconductor industry give the state a financial boost. Without them, officials say, the effects will ...

Intel has begun layoffs in order to become a “leaner, faster and more efficient” company as part of the new CEO’s vision for ...

Intel’s stock dropped around 50% this year, in August Gelsinger announced 15,000 layoffs, and the company reported a record $16.6 billion quarterly loss in October — in part due to the costs ...

Intel has revised its layoff figures, now confirming over 5,000 job cuts across the US. The move is part of a broad cost-cutting plan to streamline operations under new leadership.

The news comes after company leaders said they were planning reductions amid an organization-wide overhaul prompted by a ...

It's Tan time: New Intel CEO faces first quarterly earnings. expand. Lip-Bu Tan was appointed chief executive officer of Intel Corp. on March 12. ... TSMC issues definitive statement on Intel JV ...