intel layoffs california

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Intel expects workforce to shrink by 25,000

Intel to slash workforce by year-end as it forecasts steeper losses than expected

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.

Investopedia on MSN · 6h

Intel Issues Better-Than-Expected Sales Forecast as Foundry Revenue Grows

Intel (INTC) issued a sales outlook that exceeded analysts' expectations, as the chipmaker's foundry business delivered better-than-anticipated revenue growth. Intel said it expects third-quarter revenue of $12.

The Economic Times on MSN · 1h

Intel layoffs: Intel expects workforce to shrink by 25,000

Intel plans to cut over 25,000 jobs by 2025 to cut costs and recover from recent losses. The company will halt some factory projects in Europe, slow US expansion, and shift operations to Asia. Despite recent struggles,

Intel, Tech Job Cuts

Reuters on MSN · 5h

Intel to cut 15% of workers as chipmaker grapples with manufacturing challenges

Intel said on Thursday it is laying off 15% of its workforce and new CEO Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chipmaker that would issue "no more blank checks."

Associated Press News on MSN · 4h

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 struggling chipmaker's fortunes.

Investopedia · 6h

Intel Says More Layoffs Are Coming, In Latest Big Tech Job Cuts

The American chip giant on Thursday afternoon said in a letter from CEO Lip-Bu Tan, published online in concert with the company's latest financial results, that it plans to end the year with a workforce of around 75,

7don MSN

Intel swings the axe again as it looks to lose 5,000 staff

Updated: Our sources tell us mostly back office staff were let go, and that the mood in the office is very pessimistic ...

13hon MSN

Intel beats shareholder lawsuit over $32 billion stock plunge

By Jonathan Stempel (Reuters) -A federal judge dismissed a lawsuit accusing Intel of defrauding shareholders by concealing ...

12don MSN

Bay Area tech giant Intel doubles California layoffs amid major struggles

Intel, the Bay Area tech giant whose failure to innovate alongside other major chipmakers has turned it into a laggard of the ...

9don MSN

Intel job losses mount as 4,000 layoffs are reported across multiple sites in California, Oregon, Texas and Arizona

Reports of job losses at Intel are reaching critical mass. In the past week, layoffs totalling around 4,000 people are ...

Intel beats on revenue, slashes foundry investments as CEO says ‘no more blank checks'

Intel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company's new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock ...

Intel cuts hundreds more Bay Area jobs as tech layoffs worsen

Intel CEO Lip-Bu Tan warned in April that the quest for efficiency would be accompanied by painful job losses. The ...

TweakTown6d

Intel admits it's too late to catch up, lays off thousands of workers

Intel has filed documents revealing that the company plans to lay off as many as 5,000 workers in an effort to make the ...

Intel cuts more than 5,000 jobs across four states as restructuring accelerates

Intel Corp. is laying off more than 5,000 employees across four states in the latest round of job cuts from the chipmaker.

Oregonian17d

Intel layoffs 2025: Thousands of jobs cut as chipmaker begins ...

Intel eliminated 15,000 jobs across the company in a round of layoffs last summer, leaving it with about 109,000 employees around the world. It cut about 3,000 Oregon jobs last year through ...

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