News

‘No more blank checks': Intel to cut 25,000 jobs and enforce office return

Intel's headcount will shrink to around 75,000 by year's end, a reduction driven by both layoffs and attrition.

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.