Intel plans to lay off over 5,500 employees across the US, with teams in California and Oregon set to see the most job cuts.

Intel scaled back its AI accelerator ambitions earlier this year. The company now appears to be refocusing on AI inference, ...

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

Intel's new CEO Lip-Bu Tan also reportedly told employees it's too late for the company to catch up with Nvidia in the AI GPU ...

Intel’s CEO Lip-Bu Tan told employees that he doesn’t consider Intel to be among the leading chip companies, a stark contrast ...

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

Intel notified its marketing employees this week that it plans to outsource many of their jobs to the consulting firm ...

"I think is too late for us" to catch up with Nvidia's position in AI, said Lip-Bu Tan. But he said Intel has other opportunities in the field.

The 22,000 layoff figure, if accurate, would be larger than Intel’s last round of mass layoffs in August 2024, when then-Intel CEO Pat Gelsinger announced 15,000 job cuts.

In 2024, Intel’s stock declined by 60%, and the company fell from first to second place on Gartner’s list of top global ...