The cuts don’t come as a huge surprise. Intel previously said it would remove some layers of management after a Bloomberg ...

Intel has cut approximately 4,000 positions across the USA, including 2,392 jobs in Oregon, home to the company's largest US ...

Intel has initiated job cuts at its Fab 28 wafer fabrication plant in Kiryat Gat, Israel, marking the first time the facility ...

Intel said it is cutting 15% of its workforce, which translates to around 15,000 jobs, as the federal government is expected to give the comapny $8.5 billion in grants to help bring back ...

Intel, the Silicon Valley chip maker, said on Thursday that it would slash more than 15,000 jobs to aid a turnaround plan, as the company tries to recover after a series of stumbles. The job cuts ...

Chipmaker Intel says it is cutting 15% of its huge workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals such as Nvidia and AMD.

— Intel, 1,118 job cuts in Santa Clara and San Jose. — Twitter (now X), 900 layoffs in San Jose and San Francisco. — PayPal, 772 job cuts in San Jose.

While Intel eliminated 5,000 jobs across the company in 2023, it added 1,000 net jobs in Oregon. When Intel last announced a major round of job cuts, in 2016, it eliminated 12,000 jobs .

The job cuts will affect areas including sales, marketing, and administrative roles, Intel said, and would be part of a general cost-cutting plan. The move follows a 5 percent reduction in staff ...

Overview. NVDA NVIDIA Corp. $136.46 1.21 % Zinger Key Points. Intel faces scrutiny over job cuts despite pursuit of $20B U.S. Chips Act funding; ...

Intel's share price tumbled 26% to $21.48 on Aug. 2, the day after it announced quarterly results, the job cuts and the dividend suspension. The shares closed Wednesday down 3.6% at $18.99 and ...