Intel CEO's Strategic Changes

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Intel Confirms Mass Layoffs

‘Hard but Necessary Decisions’ — Intel to Cut Jobs, Cancel Expansions

Intel CEO Lip-Bu Tan announces 15% job cuts and cancels expansion plans as the company refocuses on core products, cost control, and execution.

PCMag on MSN · 2d

Intel Confirms Mass Layoffs, Over 24,000 Jobs To Be Cut This Year

Intel hopes to have just 75,000 core employees by year-end, about a third fewer than it had at the end of 2024.

The Verge on MSN · 2d

Intel is laying off 24,000 employees and retreating from some countries

Intel employed 109,800 people at the end of 2024, of which 99,500 were “core employees,” so the company is pushing out around 24,000 people this year — shrinking Intel by roughly one-quarter. (It has also divested other businesses,

Intel Stock Tumbles

Computerworld · 2d

Intel to lay off 22% of workforce as CEO Tan signals ‘no more blank checks’

The chipmaker plans to reduce headcount from 96,400 to 75,000 employees amid restructuring and steeper Q3 losses.

USA Today · 1d

'No more blank checks': Intel looks committed to Arizona, even as it retreats elsewhere

Despite layoffs, Intel appears to remain committed to its ongoing site expansion in Arizona as it retreats from other planned projects.

Barron's on MSN · 1d

Intel Stock Tumbles After CEO Says ‘No More Blank Checks’ for Chip Foundry

Intel stock was down sharply Friday after the chip maker reported better-than-expected revenue but failed to resolve doubts about its future in chip manufacturing. “Over the past several years, the company invested too much,

Hoodline1d

Intel Decelerates Ohio Project Construction, CEO Cites Alignment With Market Demand Amid Financial Adjustments

Intel has announced a slowdown in the construction of its Ohio projects to align spending with market demands.

CRN1d

Exclusive: Intel Reveals Plan To Spin Off Networking Business In Memo

Intel on Thursday confirmed its plan to spin off its Network and Edge Group in a memo to customers and said it will seek ...

GlobalData on MSN2d

Intel plans major job reductions to streamline operations

The firm’s workforce will shrink from 96,400 in June to 75,000 by year-end, aligning with CEO Tan's economically-driven ...

Hosted on MSN2mon

Intel’s new CEO ‘isn’t thinking about massive changes’

New Intel CEO Lip-Bu Tan is shaking up the company’s organizational structure and cutting costs but isn’t remaking its strategy, one of his top lieutenants told investment bankers Tuesday.

2don MSN

Intel says a fifth of its workforce will be gone by year’s end

A prominent investment analyst warned Intel may be cutting too deep, eliminating "pivotal" resources in the name of ...

Niners Wire19d

Intel's new CEO considers big chipmaking shift, Reuters reports

Since taking the company's helm in March, CEO Lip-Bu Tan has moved fast to cut costs and find a new path to revive the ailing ...

USA Today20d

Intel, investing billions in Ohio plants, considers big change

Intel CEO seeks advantages over TSMC. Persuading outside clients to use Intel's factories remains key to its future. As its 18A fabrication process faced delays, rival TSMC's N2 technology has ...

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