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Intel Corp. is cutting more than 500 positions in Oregon as part of a layoff plan that’s ultimately expected to affect ...
Intel’s massive job cuts come after it's expected to receive $8.5 billion in taxpayer money The company's stock fell 26% on Friday after the announcement ...
Intel's PC sales were weaker than expected in its first quarter, fueling an 11 percent reduction in its workforce, the company said during its first quarter earnings announcement on Tuesday.
But the semiconductor company's announcement of sweeping job cuts Tuesday is its most ambitious maneuver yet to reverse criticism that it has become too bloated and burdened by bad technological ...
The tech giant Intel news is about to make a big announcement about job cutbacks as it tries to strengthen its financial position and streamline operations in challenging market conditions.
When will Intel disclose the layoffs? According to the report, Intel has not yet officially announced the layoffs. However, an announcement could come as early as this week. The company employs ...
Intel announced this week it is cutting 15% of its workforce even after it received $8.5 billion in federal subsidies under the CHIPS and Science Act.
Intel was sued on Wednesday by shareholders who said the Silicon Valley chipmaker fraudulently concealed problems that led it to post weak results, slash jobs and suspend its dividend, and caused ...
MANHASSET, N.Y. — Intel's announcement that it would cut 10 percent of its workforce in coming months failed to impress investors as Intel's stock price tumbled amidst broader concerns about an ...