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Intel stock plunges after CEO's strategy shift
On Friday, Intel shares tumbled 8.5% as remarks from CEO Lip‑Bu Tan prompted concerns that he’s emphasizing expense ...
July 2025 has continued the trend of workforce reductions across the technology sector, with more expected in the month of ...
Intel’s turnaround plan includes major layoffs and outsourcing marketing to Accenture’s AI. Can the chipmaker regain its edge ...
The American chip giant on Thursday afternoon said in a letter from CEO Lip-Bu Tan, published online in concert with the ...
This means that the much-vaunted megafab near Magdeburg in eastern Germany, first announced in 2022, will not be built. Intel ...
The chipmaker plans to reduce headcount from 96,400 to 75,000 employees amid restructuring and steeper Q3 losses.
Intel’s stock jumped early in 2025 as optimism built around new leadership, but shares fell over 9% after Thursday’s Q2 ...
Unlike previous Intel layoffs, which offered severance or buyouts, the 2025 job cuts provide no such safety net.
A prominent investment analyst warned Intel may be cutting too deep, eliminating "pivotal" resources in the name of ...
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