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Intel cuts back spending, workforce as struggling chip maker mounts comeback

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the fortunes of the ...

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% ...

Intel Is Laying Off 33,000 Employees in Turnaround Plan: 'Scale Back the Company'

Intel CEO Lip-Bu Tan stated that the layoffs followed a "systematic review" of the company's headcount and spending.

Intel to Lay Off 15% of Workers, Cancel Billions in Projects in Bid for Rebound

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