US EditionIntel spins off networking unit with its 400 Israeli employees
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6 Articles
Intel Spins Off NEX Amid $2.9B Losses, Focuses on x86 and AI
In a move that underscores Intel Corp.’s aggressive push to streamline operations amid mounting financial pressures, the chip giant has announced plans to spin off its Network and Edge Group (NEX) into a standalone entity. This decision, detailed in an internal memo obtained by industry publications, comes as Intel grapples with a reported $2.9 billion quarterly loss and widespread layoffs. The spin-off is positioned as a strategic pivot to refo…
Sachin Katti has been running the Network-and-Edge Group (NEX) at Intel since the beginning of 2023 and has announced to employees and close customers in a memo that Intel intends to split the network division so that it can act independently.
Intel streamlines operations as it sets a new course
Intel aims to reduce its global workforce by about 15% by the end of this year, through workforce reductions and attrition. Lip-Bu Tan, CEO of Intel, says the goal is to end up with about 75 000 employees. A large portion of the workforce reductions have already taken place, he adds, along with the streamlining of about 50% of the management layers. “I know the past few months have not been easy,” Tan writes in a note to employees. “We are makin…
The world's largest maker of personal computer processors has announced more dramatic changes in an effort to save its future. Intel reported its second-quarter 2025 earnings on Friday night. The company beat analysts' estimates with revenue of $12.9 billion, driven by interest in its chips....
Intel has announced layoffs of up to 33,000 employees in a drastic global restructuring. Intel, one of the world's largest semiconductor manufacturers, has announced a major restructuring of its organization, including mass layoffs and a review of its global industrial strategy. The company plans to reduce its workforce to approximately 75,000 employees, representing a 22% to 31% decrease from the approximately 109,000 employees registered at th…
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