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.

Intel is facing political pressure and pressure across its business and its 2022 plans to manufacture in the EU is one of the ...

Ohio U.S. Sen. Bernie Moreno has joined President Donald Trump in asking for tech giant Intel’s CEO to resign due to his ...

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.

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 ...

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 ...

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

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.

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 ...