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Intel plans to reduce its workforce to 75,000 by 2025, cutting jobs and halting new plant developments in Ohio, Germany, and Poland.
Intel's CEO and its executive leadership team are taking pay cuts of up to 25%, as the company attempts to navigate a shaky economy and avoid further layoffs, Reuters reported.
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NBC4 WCMH-TV on MSNInside Intel’s announcement to further slow construction in New AlbanyIntel is further slowing its construction in Ohio, the company announced Thursday during its Q2 financial reports. Intel’s Q2 ...
Unlike previous Intel layoffs, which offered severance or buyouts, the 2025 job cuts provide no such safety net.
In the latest big tech layoff, Intel revealed that it is cutting 15,000 employees, representing 15% of the company’s total staff. In a memo to employees, CEO Pat Gelsinger blamed the decision on ...
Major layoffs for Intel have now come for their Rio Rancho location, where more than 200 people will lose their jobs in the ...
Intel has eliminated at least 5,400 Oregon jobs since August – including 2,400 layoffs in just the past week. The company’s ...
Intel’s stock dropped around 50% this year, in August Gelsinger announced 15,000 layoffs, and the company reported a record $16.6 billion quarterly loss in October — in part due to the costs ...
Intel began laying off employees across the company Monday, notifying workers individually about whether they will keep their jobs. New CEO Lip-Bu Tan told workers in April to expect major layoffs ...
It's Tan time: New Intel CEO faces first quarterly earnings. expand. Lip-Bu Tan was appointed chief executive officer of Intel Corp. on March 12. ... TSMC issues definitive statement on Intel JV ...
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