Intel did not immediately respond to a Reuters request for comment. The layoffs mark a major step under new CEO Lip-Bu Tan, who took over Intel last month, to revive the faltering American firm after ...

Bloomberg said Intel plans to announce the cuts this week. The company declined comment on the report. Mass layoffs could have severe consequences in Oregon, Intel’s largest operating hub.

That means it is currently unknown if Bloomberg’s 20% figure was correct. Fast Company has reached out to Intel for comment on the number of upcoming layoffs. What Tan did confirm is that the ...

This latest round of layoffs follows significant layoffs in 2024 when the Santa Clara-based chipmaker announced plans to cut about 15,000 jobs. Intel, according to Bloomberg, had about 109,000 ...

Intel shares rose Wednesday, following a report the struggling chipmaker is planning to cut more than 20% of its staff.

Now, we have a big one. Intel is reportedly preparing for its largest round of layoffs ever. According to a new story from Bloomberg, Intel is set to announce a massive 20 percent reduction in its ...

Intel had over 120,000 employees after its 2022 layoffs, and its 2024 layoffs brought that total down to 108,900, but the company may downsize again. Bloomberg’s single “person with knowledge ...

Now, in a bid to make itself leaner, a report from Bloomberg claims that Intel plans to cut over 20% of its staff. This isn’t the first time Intel has conducted a round of layoffs. The company ...

Layoffs part of strategy to refocus on engineering-driven culture, report says CEO Lip-Bu Tan aims to revive Intel after management ... inefficiencies, Bloomberg News reported on April 22, citing ...