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

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

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

This week's layoffs are the first step in broad cuts that will eliminate several thousand jobs across the company.

The layoffs are one of the first major decisions made by Intel Chief Executive Lip-Bu Tan (pictured), who took over the company’s top job in March, replacing former head honcho Pat Gelsinger in an ...

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 ...

There has been a lot of misinformation,” the Intel CEO told his employees. “I have always operated within the highest legal and ethical standards.” ...

The disclosure came as Intel published its second-quarter financial results today. The chipmaker said it plans to end the year with a “core workforce” of around 75,000 staff, which would mean it loses ...

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.

Across the U.S., Intel had disclosed plans to lay off at least 3,999 workers by the middle of July at sites in Oregon, California, Arizona and Texas. The company has indicated additional layoffs ...

Despite layoffs, Intel appears to remain committed to its ongoing site expansion in Arizona as it retreats from other planned projects.

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 ...