The layoffs are one of the first major decisions made by Intel Chief Executive Lip-Bu Tan (pictured), who took over the ...

intel; layoffs; Intel to cut as many as 10,000 factory jobs, one of its largest-ever layoffs Massive layoffs hit foundry workforce in major restructuring By Skye Jacobs June 18, 2025, 7:02 16 ...

Intel (NASDAQ:INTC) shares fell nearly 5% on Thursday — their third straight day of declines — as investors continued to wonder about the future of the semiconductor giant following Pat ...

The disclosure came as Intel published its second-quarter financial results today. The chipmaker said it plans to end the ...

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 ...

Analysts pointed to Intel’s struggling foundry business, which makes chips both for the company and third parties, as a possible factor behind the CEO’s departure. The foundry posted revenue ...