Intel chief to thin ranks at U.S. chip maker

Intel chief to thin ranks at U.S. chip maker

New Intel chief executive Lip-Bu Tan has announced upcoming layoffs at the struggling U.S. chip maker as White House tariffs and export restrictions muddy the market. Tan did not provide details about the number of employees affected, but said he was "a big believer in the philosophy that the best…

People Matters - Interstitial Site — People Matters

Intel executives have moved to calm speculation over sweeping layoffs, stating that the figure of 20,000 job cuts recently reported is inaccurate. However, they have confirmed that workforce reductions are indeed on the horizon, set to begin in the second quarter of the year. The clarification came during a company-wide video call on 25 April, where executives addressed growing internal concerns following a Bloomberg report suggesting that more …

Intel cuts more jobs to save $1.5bn

Intel is cutting $1.5bn over the next 18 months that would see substantial job cuts and a $2bn reduction in capital spending that will hit equipment suppliers. The move by new CEO Lip-Bu Tan will see a cut of $500m in 2025 and $1bn in 2026 to $16bn. The revenue for the first quarter of […] The post Intel cuts more jobs to save $1.5bn appeared first on eeNews Europe.

Intel, one of the big technology companies, which employs about 108 thousand people worldwide, has found itself at a difficult moment in its history. In an era of growing competition and serious financial problems, the company has decided to make radical changes. They include mass layoffs and deep restructuring.

Altera's CEO will change following the acquisition.