Intel layoffs have left multiple Linux drivers without maintainers, raising concerns about future compatibility and ...

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

In the latest sign of ongoing struggles Intel, one of the semiconductor giant’s spinoff companies has announced dozens of Bay ...

The American chip giant on Thursday afternoon said in a letter from CEO Lip-Bu Tan, published online in concert with the ...

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.

Intel has disclosed plans for massive layoffs that will lead to a loss of 15,000 jobs worldwide, a wrenching restructuring ushered in by "disappointing" results for the legendary tech titan.

Perhaps most troubling, Burr noted that there may be additional layoffs coming in the new year. As it stands, Intel consists of more than 13,000 employees throughout its California-based operations.

For Intel’s shareholders, however, the headcount reduction is a sensible and necessary move. The company announced imminent layoffs in October as part of Intel’s third-quarter earnings report.

Intel is coming off of two consecutive quarters of large losses, including a 36% year-over-year drop in revenue in the first quarter. Intel Corp. (Nasdaq: INTC) plans a new round of layoffs as it ...

The layoffs are partly due to incredibly diminished demand for computers (and chips, by extension, Intel’s core product line). In July, Intel revised its sales forecast for 2022 from $79 billion ...

The layoffs aren’t going to be pleasant, but they’re a sign that Intel’s management is doing what’s needed to turn the company around and rebuild confidence in INTC stock investors.