The troubled American semiconductor giant said it will cut spending despite benefiting from a Biden-era program designed to boost U.S. chip production.

Another big American employer expects to see more of its people around the office—and fewer people in total. New Intel (INTC) CEO Lip-Bu Tan late Thursday said in a letter to employees—and published online—that hybrid employees should be on-site at least four days a week by Sept.

New Intel CEO Lip-Bu Tan Thursday to expect “several months” of job cuts as the chipmaker works to buttress its finances amid falling sales. Workers should expect major operational changes beginning this spring,