In August of 2024, having fallen behind its competitors in the chipmaking industry, Intel announced a companywide cost-savings plan that included cutting 15% of its workforce by the end of 2025. Since ...

New Intel CEO Lip-Bu Tan told employees Thursday to expect “several months” of job cuts as the chipmaker works to buttress ...

Tan, named CEO of chipmaker Intel ( INTC) in mid-March, hasn’t been invisible since his appointment. He gave the keynote address at a company event later that month, coming onstage in sneakers and a ...

Intel's new CEO plans major workforce cuts amid economic uncertainties. 2025 Diverse Business Leader Awards Albuquerque Business First seeks to recognize leaders who are promoting authentic ...

Other changes include having Intel’s data center and AI (DCAI) chip group and personal-computer chip group report directly to ...

Intel shares rose Wednesday, following a report the struggling chipmaker is planning to cut more than 20% of its staff.

Intel shareholders on Tuesday approved a measure by the chipmaker aimed at topping up share reserves to attract and retain ...

Intel CEO Lip-Bu Tan plans to cut 20% of ... fell 124,800 to 108,900 over the same period. Gelsinger was pushed into an abrupt retirement in December after his plan to reorient Intel into chip ...

The 65-year-old joined the company roughly three months after previous CEO Pat Gelsinger retired in December after failing to keep up with Nvidia and other companies in the AI chip race.

Intel's former CEO praised Nvidia's execution and AI product advantage. Nvidia's AI chip market success comes from competitive moats, said Pat Gelsinger. Intel's new CEO, Lip-Bu Tan, acknowledged ...

Intel is planning to cut 20 percent of its workforce, a decision that could see around 20,000 people laid off from the company.