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 ...

Major layoffs for Intel have now come for their Rio Rancho location, where more than 200 people will lose their jobs in the ...

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.

Intel has eliminated at least 5,400 Oregon jobs since August – including 2,400 layoffs in just the past week. The company’s ...

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.

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 ...

In the latest big tech layoff, Intel revealed that it is cutting 15,000 employees, representing 15% of the company’s total staff. In a memo to employees, CEO Pat Gelsinger blamed the decision on ...

Intel began laying off employees across the company Monday, notifying workers individually about whether they will keep their jobs. New CEO Lip-Bu Tan told workers in April to expect major layoffs ...

Intel has reportedly tolf staffers it plans to lay off 15-20% of its workers ... An Intel spokesperson said in a statement to ... Intel CEO Lip-Bu Tan said a few months ago to employees in a ...

We are working to create a leaner, simpler, more agile Intel,” Yeary said. Gelsinger, 63, spent the first 30 years of his career at Intel, The Oregonian reported. He joined the company at 18 and as a ...