Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chipmaker that would issue “no more blank checks.” The job cuts – a majority of which have been […]
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The spate of layoffs in the IT sector seems to be moving forward unabated. Earlier this month, Redmond-based tech giant Microsoft announced that it was laying off 9,000 employees, now chipmaker Intel is reportedly gearing up for its biggest job cuts yet. Several reports seem to be suggesting that Intel is gearing up to lay […]
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Intel is set to unveil plans this week to slash more than 20% of its workforce, in a move to streamline operations and reduce bureaucratic inefficiencies, Bloomberg News reported on Tuesday, citing a person familiar with the matter. The layoffs are part of a broader strategy to refocus on an engineering-driven culture, the report said. […]
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