Intel reveals it will shed 24,000 employees this year and retreat in Germany, Poland, and Costa Rica $INTC ...

A prominent investment analyst warned Intel may be cutting too deep, eliminating "pivotal" resources in the name of ...

Intel (INTC) is planning to cut 15% of jobs and plans to end the year with a global headcount of ~75,000 as a part of ...

Intel’s new CEO, Lip-Bu Tan, pushes major reforms amid a 15% workforce cut. Despite beating revenue forecasts, the company shifts strategy to boost agility and efficiency.

Intel Corp. will have cut 25% of its global workforce by the end of the year as the California-based company’s top executive continues efforts to turn around operations and reduce expenses.

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

During its second quarter earnings call on Thursday, Intel announced it intended to layoff about 15% of its workforce by the end of 2025.

Intel has been hunting for cost reductions for well over a year. The company's worldwide workforce fell by 5% to about 125,000 in 2023, although its payroll locally rose by 1,000.

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