Intel CEO Lip-Bu Tan warned in April that the quest for efficiency would be accompanied by painful job losses. The ...

Intel confirms over 5,000 job cuts across four U.S. states as part of CEO Lip-Bu Tan’s broad restructuring strategy.

GE Aerospace raised its full-year earnings outlook and beat expectations on its top and bottom lines in the second quarter. PepsiCo said its business remained resilient during the second quarter, ...

Updated: Our sources tell us mostly back office staff were let go, and that the mood in the office is very pessimistic ...

Dow Jones Top Company Headlines at 11 AM ET: Meta Directors, Shareholders Settle Privacy Suit Before Board Members Testify at Trial | FDA ... Meta Directors, Shareholders Settle Privacy Suit Before ...

Wipro guided for flat growth in IT services after a muted June quarter. This and more in today's ETtech Top 5.

Intel is planning to lay off a further 5,000 workers, mainly across California and Oregon, as part of its broader effort to ...

The Intel Oregon workforce is down to its lowest point in more than a decade, but there may be more cuts on the way.

Once the king of chipmaking, Intel’s decline has been one for the ages, with its stock down two-thirds from its 2020 high.

Intel CEO Lip-Bu Tan says it's "too late" to catch up with its rivals in the AI sector, laying off thousands of US workers to ...

Intel is laying off over 5,000 U.S. employees, exceeding initial estimates, primarily impacting Oregon and California. This restructuring, driven by C ...

Intel's new CEO Lip-Bu Tan initiates the company's largest-ever layoff, cutting over 5,000 jobs in a radical overhaul to reverse deep financial losses.