The cutbacks could be devastating in Oregon. The chipmaker is the state's largest employer and makes Oregon's most valuable product.

Intel did not immediately respond to a Reuters request for comment. The layoffs mark a major step under new CEO Lip-Bu Tan, who took over Intel last month, to revive the faltering American firm after ...

Bloomberg reported 20 percent job cuts were coming this week, but Intel’s Q1 2025 earnings release isn’t saying that. Intel is “taking actions” that include “streamlining the organization, eliminating ...

That means it is currently unknown if Bloomberg’s 20% figure was correct. Fast Company has reached out to Intel for comment on the number of upcoming layoffs. What Tan did confirm is that the ...

Bloomberg reported that more than 20 percent of Intel staff could be laid off ... but referred to an email to staff from Tan, who said the layoffs would begin in the current quarter and continue ...

That means it is currently unknown if Bloomberg’s 20% figure was correct. What Tan did confirm is that the layoffs would happen in Q2—which is Intel’s current quarter. He also said that the ...

Layoffs part of strategy to refocus on engineering-driven culture, report says CEO Lip-Bu Tan aims to revive Intel after management ... inefficiencies, Bloomberg News reported on Tuesday, citing ...

Intel reportedly plans to lay off over 21,000 employees ahead of its Q1 2025 earnings call, according to a report from ...

Intel had over 120,000 employees after its 2022 layoffs, and its 2024 layoffs brought that total down to 108,900, but the company may downsize again. Bloomberg’s single “person with knowledge ...

Citing a person familiar with the matter, Bloomberg reported the chipmaker is focused on rebuilding an “engineering-driven culture.” The reported job cuts and restructuring follow the ...

(Reuters) -Intel is set to unveil ... bureaucratic inefficiencies, Bloomberg News reported on Tuesday, citing a person with knowledge of the matter. The layoffs are part of a broader strategy ...