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Intel planning thousands of layoffs in cost-saving move: Report

The tech giant likely wants to use the funds saved to invest in overcoming a recent slump in its share price and to market share losses to competitors including AMD

01 August 2024 • 2 min read

Intel planning thousands of layoffs in cost-saving move: Report

Intel is looking to eliminate thousands of jobs as a way to cut costs and fund plans to recover from market share loss and reduced earnings, Bloomberg reports. The plan comes as California-base...

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Intel explores business split or sale amid woes: Reports

The options could also include M&A or selling or splitting its foundry division

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Intel expands AI PC partner benefits amid big spending cuts

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Intel plans layoffs to cut costs by 35 per cent

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