Intel is rumored to be laying off more than 1,500 employees in Costa Rica and moving its manufacturing units to Vietnam. Neither Intel nor the Costa Rican government has dispelled the rumor, with the ...

Intel said on Thursday it is laying off 15% of its workforce and new CEO Lip Bu Tan presented a blueprint for a more ...

Intel (NASDAQ: INTC) will end 2025 with a workforce over 20% smaller than last year as new CEO Lip Bu Tan pushes aggressive ...

The layoffs are one of the first major decisions made by Intel Chief Executive Lip-Bu Tan (pictured), who took over the ...

The total value of Costa Rica’s exports fell by 17.5 percent during the first two months of this year compared to the same period of 2014, the Foreign Trade Promotion Office reported this week.The ...

The disclosure came as Intel published its second-quarter financial results today. The chipmaker said it plans to end the ...

The Costa Rican services economy had an interesting past few weeks. Just days after the election of a new left-leaning president – who immediately began to take steps to reassure the investor and ...

President Laura Chinchilla and President-elect Luis Guillermo Solís wrangled this week with the political consequences of microchip giant Intel’s exit from Costa Rica, while observers search for the ...

"We are making hard but necessary decisions to streamline the organization," writes the tech giant's CEO in a memo to ...

Intel’s operations in Costa Rica are worth around $2 billion a year, making up about 20% of the country’s exports. The firm accounted for 11% of net foreign direct investment in 2000-12.

Intel confirms it will spin off its Network and Edge Group (NEX) as part of a massive restructuring under CEO Lip-Bu Tan to ...