The CEO's Thursday memo reflects a broader cultural crackdown across tech.

Intel (INTC) stock rose roughly 5.5% on Wednesday after a report from Bloomberg late Tuesday said the chipmaker plans to cut 20% of its workforce. The report comes just a day before the chipmaker ...

Intel is set to cut over 21,000 people, or roughly 20% of its workforce, with an announcement due this week, according to a Bloomberg report. The news comes ahead of Intel’s Q1 earnings call ...

Intel CEO Lip-Bu Tan plans to cut 20% of the company's workforce, according to a report by Bloomberg Tuesday. The layoffs are an effort to cut bureaucracy and rebuild "an engineering-driven ...

Intel CEO Lip-Bu Tan plans to cut 20% of the company's workforce, according to a report by Bloomberg Tuesday. Intel CEO Lip-Bu Tan plans to cut 20% of the company's workforce, according to a ...

Bloomberg reports that Intel plans to lay off another 21,000 employees, or about 20 percent of its entire workforce. The company is expected to announce the layoffs later this week. Intel’s ...

TAIPEI – Intel is poised to announce plans this week to cut more than 20 per cent of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge ...

Intel (INTC) shares surged Wednesday, following a report the struggling chipmaker could announce plans this week to reduce more than 20% of its staff. The layoffs are part of Intel’s bid to ...

(Bloomberg) — Intel Corp. is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with ...

Intel Corp. is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter.

This marks the first major move under new CEO Lip-Bu Tan Intel Corp (NASDAQ ... if Wall Street warms to the restructuring plan.