US EditionIntel says job cut reports are 'rumour and speculation'
- Intel intends to reduce its global staff by 20 percent this week.
- The move follows three years of declining revenue and heightened competition.
- This planned reduction impacts over 21,000 jobs from the 108,900-person workforce.
- Revenue totaled $79 billion in 2021, dropping to $53.1 billion by 2024.
- New CEO Lip-Bu Tan implements these layoffs to streamline operations and cut costs.
16 Articles
16 Articles
Intel is reportedly planning to lay off 20 percent of its workforce, feeding recession fears
There's been a lot of talk online about "recession indicators" over the past few months. Now, we have a big one.Intel is reportedly preparing for its largest round of layoffs ever.According to a new story from Bloomberg, Intel is set to announce a massive 20 percent reduction in its workforce. This would mark the second time in less than a year that the company laid off employees. In August 2024, Intel cut 15,000 workers. After that round of lay…
According to Bloomberg's internal sources, Intel plans to fire 20% of its workforce, a decision that will throw more than 21,000 employees into the street.
Intel could make massive cuts to its workforce. The stock rises 5%
Intel (INTC) Corp. will announce a purge of 20% of its staff as it aims to pare back bureaucracy within the company, according to a new report. That would amount to about 21,0000 jobs being eliminated.Read more...
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Bias Distribution
- 38% of the sources are Center, 37% of the sources lean Right
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