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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 semiconductor company had previously disclosed its intentions to cut 20% of its global workforce, which would equate to 21,000 workers worldwide.
Intel is cutting more jobs as CEO Tan tries to fix manufacturing missteps
Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chipmaker that would issue "no more blank checks.
Updated: Our sources tell us mostly back office staff were let go, and that the mood in the office is very pessimistic ...
By Jonathan Stempel (Reuters) -A federal judge dismissed a lawsuit accusing Intel of defrauding shareholders by concealing ...
Reports of job losses at Intel are reaching critical mass. In the past week, layoffs totalling around 4,000 people are ...
Intel, the Bay Area tech giant whose failure to innovate alongside other major chipmakers has turned it into a laggard of the ...
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 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 ...
Intel is undergoing a significant and painful restructuring effort, which includes substantial workforce reductions.
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