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Intel, CEO and Comeback Plan Worries

Computerworld · 14h

Intel to lay off 22% of workforce as CEO Tan signals ‘no more blank checks’

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

Fortune on MSN · 4h

Intel plans to slash 25,000 jobs in 2025 as new CEO warns ‘there are no more blank checks’

Intel’s stock jumped early in 2025 as optimism built around new leadership, but shares fell over 9% after Thursday’s Q2 earnings and layoff announcement, threatening to erase most yearly gains.

Bloomberg on MSN · 4h

Intel Slides After New CEO’s Comeback Plan Worries Investors

Shares of Intel Corp. tumbled 8.5% on Friday after Chief Executive Officer Lip-Bu Tan sparked concerns that he was more focused on cost cutting than restoring the chipmaker’s technological edge.

Intel, Deep Job Cuts

ExtremeTech on MSN · 1h

Intel Plans Deep Job Cuts, Could Drop Chip Manufacturing

Intel’s plans appeared to deflate investors. Intel shares took a hit, with Intel’s market value showing a loss of $8 billion at one point, according to Reuters. Meanwhile, AMD is riding the AI wave to greater sales, and Nvidia’s value has exploded over the past few years, also thanks to its AI-friendly chips.

Gizmodo · 10h

Intel’s Steady Decline Continues With 15% Cut to Staff and Scrapped Factory Plans

Intel CEO Lip-Bu Tan told employees in a staff-wide memo yesterday that the company plans to cut its workforce by roughly 15%—more than 25,000 jobs—aiming to end the year with about 75,000 employees worldwide. The cuts are part of the struggling chipmaker’s efforts to turn things around and compete in the booming AI market.

Reuters on MSN · 1d

Intel is cutting more jobs as CEO Tan tries to fix manufacturing missteps

Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chipmaker that would issue "no more blank checks.

8hon MSN

Intel slumps as potential foundry exit deepens investor gloom

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

10hon MSN

Intel plans to shed thousands of workers

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the struggling chipmaker's ...

SDxCentral1h

Intel dismantles network and edge unit

Intel has already shifted its Edge business into its Client Computing Group (CCG), while its NEX unit was dismantled, with ...

14don MSN

Intel CEO reportedly admits 'it is too late for us' to catch AI leaders like Nvidia, but here's how it could still recover

Lip-Bu Tan seemingly also said that "we are not in the top 10 semiconductor companies" any longer - a frank admission indeed.

11h

Intel Q2: Learning The Hard Way

Intel is cutting costs and restructuring amid weak margins and mixed Q2 results, with long-term upside tied to AI. Find out ...

Fierce Electronics9h

Intel's longer-term plans around foundry, AI are still TBD

Intel CEO Lip-Bu Tan, in comments delivered alongside his company’s second quarter earnings report, brought some clarity to Intel’s near-term manufacturing plans, but the big picture rema | Much of ...

The Register on MSN20h

You DO see Windows 11 as an AI PC opportunity, say Dell and Intel

Time to 'reimagine' it as a gateway, a gateway to inner peace, er, sales With three months to go until Microsoft ends support ...

6hon MSN

Intel to separate networking unit as new CEO Tan overhauls business

Intel is planning to separate its networking and communications unit into a stand-alone company and has begun the process of ...

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