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

Intel to lay off more than 1,000 employees in California, with 736 in Santa Clara and 344 in Folsom, under CEO Lip-Bu Tan's efficiency drive.

Intel layoffs in California have started, with the tech giant cutting over 100 jobs at its Santa Clara headquarters. This move is part of CEO Lip-Bu Tan’s broader cost-cutting plan to eliminate ...

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

Intel CEO Lip-Bu Tan warned in April that the quest for efficiency would be accompanied by painful job losses. The semiconductor company had previously disclosed its intentions to cut 20% of its ...

The semiconductor colossus has revealed a decision to cut 410 jobs in the Bay Area during July, according to official WARN notices that Intel filed with the state Employment Development Department.

The Bay Area Intel job cuts, which are described as permanent in the state filings, are set to take effect in July. News of the Intel layoffs comes just days after retail giant Walmart revealed it ...

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the fortunes of the struggling chipmaker that helped launch Silicon Valley but has fallen behind rivals ...

Santa Clara-based chipmaker Intel plans to lay off tens of thousands of more employees by the end of the year and introduce a mandatory return-to-office, its CEO announced. In a ...

“We now anticipate that the number of Santa Clara employees scheduled to terminate during this period has increased to 410,” Intel’s James Warner stated in the July 7 letter.

Intel said on Thursday it plans to slash its headcount to 75,000 by the end of this year, down from 99,500 at the end of 2024 and laid out a blueprint of a more streamlined chip manufacturer. Shares ...

Shares of Intel slumped Thursday after President Donald Trump said in a social media post that the chipmaker's CEO needs to ...