intel layoffs california

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Intel Issues Better-Than-Expected Sales Forecast

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 · 3h

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.

New York Post on MSN · 50m

Intel to slash thousands of jobs by year-end as chipmaker issues bleak forecast

Intel said 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. The Santa Clara, Calif.-based chipmaker disclosed the layoff goals as it forecast steeper third-quarter losses than Wall Street estimates on Thursday,

Intel cuts 15% of its staff

CNN on MSN · 3h

Intel cuts 15% of its staff as it pushes to make a comeback

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.

Associated Press News on MSN · 1h

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 · 3h

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,

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 ...

3hon MSN

Intel says it is laying off 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."The ...

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 ...

Intel beats shareholder lawsuit over $32 billion stock plunge

(Reuters) -A federal judge dismissed a lawsuit accusing Intel of defrauding shareholders by concealing problems in a business ...

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.

The Financial Express5d

Intel to cut over 5,500 jobs in fresh round of layoffs: Engineers, senior staff hit

The latest job cuts come after Intel already let go of 15,000 workers earlier this year. The company is now expanding the ...

6don MSN

Intel layoffs announced in July cross 5,000, numbers increase by 4 times in ...

Global semiconductor giant Intel is implementing a significant restructuring plan, resulting in over 5,000 layoffs across US ...

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