News

Intel’s Steady Decline Continues With 15% Cut to Staff and Scrapped Factory Plans

Intel CEO Lip-Bu Tan told employees in a staff-wide memo yesterday that the company plans to cut its workforce by roughly 15% ...

Intel Announces Mass Job Cuts, Sounds Alarm for Ohio

"We are making hard but necessary decisions to streamline the organization," writes the tech giant's CEO in a memo to ...
InvestorsHub on MSN2d

Intel shares fall sharply after announcing job cuts and posting unexpected Q2 earnings

Intel (NASDAQ:INTC) provided optimistic revenue guidance for the upcoming quarter after delivering second-quarter revenue results that exceeded analyst forecasts. However, the semiconductor giant ...

Intel slumps as potential foundry exit deepens investor gloom

Intel shares sank 8% on Friday after the company warned of exiting chip manufacturing if it fails to secure a major customer, ...

Intel’s upcoming earnings have this analyst wondering if the numbers actually matter

Investors will be questioning the chip maker’s strategy for the future more than worrying about its second-quarter earnings ...

Intel to lay off 22% of workforce as CEO Tan signals ‘no more blank checks’

The chipmaker plans to reduce headcount from 96,400 to 75,000 employees amid restructuring and steeper Q3 losses.
The American Bazaar2d

CEO Lip-Bu Tan’s Intel overhaul: 15% job cuts, factory pauses

There are no more blank checks,” says new Intel CEO Lip-Bu Tan, as the company slashes jobs, restructures operations, and ...