Intel plans to lay off up to a fifth of its factory workers, an enormous cutback that will have a profound effect on one of the chipmaker’s core businesses. “These are difficult actions but essential ...

Shortly after taking the top job at Intel, new CEO Lip-Bu Tan indicated that reducing the size of Intel’s workforce was part of his turnaround plan. That reduction will soon result in sizable layoffs ...

Intel (INTC) reported its second quarter earnings after the bell on Thursday, beating on revenue but missing on earnings per share (EPS) due to impairment charges. The company said it is cutting its ...

The semiconductor giant reportedly lays out layoff plans nearly two months after CEO Lip-Bu Tan announced it would lower operating and capital expenses in line with his mandate to streamline the ...

Intel, the Bay Area semiconductor giant, will lay off between 15% and 20% of its factory workforce beginning in July, a move expected to eliminate over 10,000 jobs globally in one of the largest ...

Intel is reportedly planning to lay off 20% of its factory workers amid faltering demand for its core products. Intel (Nasdaq:INTC) plans to lay off up to 20% of its manufacturing sector employees ...

The warning by Intel CFO David Zinsner last October that CPU shortages would peak in the first quarter ended up being correct. But the extent to which demand surpassed supply seemed to surprise the ...