Intel Layoffs

The action is viewed as a modest but significant attempt to raise staff morale in the wake of recent budget cuts.

In August, it announced plans to reduce its workforce by 15,000 through voluntary separations and layoffs.

Intel will lay off over 15,000 employees, approximately 15 per cent of its workforce by the end of 2024, CEO Pat Gelsinger announced on Thursday.

US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.The plan to cut approximately $20 billion in expenses this year came as Intel reported a loss of $1.6 billion in the recently ended qua

Intel on Thursday said that it had slashed its Q4 forecast for profit and revenue to reflect economic uncertainty that is expected to last into next year. The chipmaker is taking time to ramp up sales into data centres that fell 27 percent in the previous quarter, according to Intel CEO Pat Gelsinger. The company also said it would lay off staff as...

Intel is said to plan several job cuts across the company, according to a report. The layoffs are planned in the face of a drop in personal computer sales, and will reportedly be announced as early as this month. Some divisions could see layoffs affect 20 percent of staff, and Intel had 113,700 employees as of July, as per a report by Bloomberg.

Started in 2013, Intel's New Devices Group division used up five years and millions of dollars to try and make an impact with fitness trackers and smart glasses.

Our weekly roundup of the biggest news and launches of the week will get you up to date in a single session.

So far this year, technology companies in the United States have shed about 63,000 jobs.

Cisco Systems Inc's announcement on Wednesday that it plans to lay off 5,500 employees is unlikely to be the last round of Silicon Valley pink slips as hardware companies struggle to keep up with rapid technology shifts, analysts and recruiters said.

Intel said its move aims to "accelerate evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices."

Intel Corp on Tuesday said it would cut up to 12,000 jobs globally, or 11 per cent of its workforce, as it refocuses its business towards making microchips that power data centres and Internet connected devices and away from the declining personal computer industry it helped found.

After announcing the departure of two executives last week, Intel was reportedly preparing to cut thousands of jobs across its business units.

Intel Corp is planning to cut thousands of jobs this spring, including reducing headcount in some business units by double-digit percentages, news website Oregonlive said, citing sources inside the company familiar with the plan.

Intel's McAfee security division is planning to lay off a "small percentage" of its workforce.

The action is viewed as a modest but significant attempt to raise staff morale in the wake of recent budget cuts.

In August, it announced plans to reduce its workforce by 15,000 through voluntary separations and layoffs.

Intel will lay off over 15,000 employees, approximately 15 per cent of its workforce by the end of 2024, CEO Pat Gelsinger announced on Thursday.

US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.The plan to cut approximately $20 billion in expenses this year came as Intel reported a loss of $1.6 billion in the recently ended qua

Intel on Thursday said that it had slashed its Q4 forecast for profit and revenue to reflect economic uncertainty that is expected to last into next year. The chipmaker is taking time to ramp up sales into data centres that fell 27 percent in the previous quarter, according to Intel CEO Pat Gelsinger. The company also said it would lay off staff as...

Intel is said to plan several job cuts across the company, according to a report. The layoffs are planned in the face of a drop in personal computer sales, and will reportedly be announced as early as this month. Some divisions could see layoffs affect 20 percent of staff, and Intel had 113,700 employees as of July, as per a report by Bloomberg.

Started in 2013, Intel's New Devices Group division used up five years and millions of dollars to try and make an impact with fitness trackers and smart glasses.

Our weekly roundup of the biggest news and launches of the week will get you up to date in a single session.

So far this year, technology companies in the United States have shed about 63,000 jobs.

Cisco Systems Inc's announcement on Wednesday that it plans to lay off 5,500 employees is unlikely to be the last round of Silicon Valley pink slips as hardware companies struggle to keep up with rapid technology shifts, analysts and recruiters said.

Intel said its move aims to "accelerate evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices."

Intel Corp on Tuesday said it would cut up to 12,000 jobs globally, or 11 per cent of its workforce, as it refocuses its business towards making microchips that power data centres and Internet connected devices and away from the declining personal computer industry it helped found.

After announcing the departure of two executives last week, Intel was reportedly preparing to cut thousands of jobs across its business units.

Intel Corp is planning to cut thousands of jobs this spring, including reducing headcount in some business units by double-digit percentages, news website Oregonlive said, citing sources inside the company familiar with the plan.

Intel's McAfee security division is planning to lay off a "small percentage" of its workforce.