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.

Intel plans to reduce its workforce to 75,000 by 2025, cutting jobs and halting new plant developments in Ohio, Germany, and Poland.

Unlike previous Intel layoffs, which offered severance or buyouts, the 2025 job cuts provide no such safety net.

Also, another recent WARN notice shows that Intel has increased its planned layoffs in Arizona from 170 to almost 700. This new round of layoffs means Intel has cut over 20,000 jobs, a year after it ...

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 has eliminated at least 5,400 Oregon jobs since August – including 2,400 layoffs in just the past week. The company’s ...

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 ...

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 ...

Intel Monday announced CEO Pat Gelsinger has resigned after a difficult three-year stint at the company. The once-dominant chipmaker’s stock cratered as it missed the AI boom and was surpassed ...

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 ...