Intel CEO Lip-Bu Tan stated that the layoffs followed a "systematic review" of the company's headcount and spending.

The layoffs, which were one of new CEO Lip-Bu Tan's first big moves since he took over in March, are meant to make things run ...

Intel is planning to spin off its networking unit as the struggling chipmaker looks to shed assets and cut costs under the ...

Intel Corporation has announced the cancellation of planned manufacturing facilities in Europe as part of a broader ...

Intel's latest jarring workforce reduction goes far beyond previous cuts, signaling a permanent shift in the semiconductor ...

Intel CEO Lip-Bu Tan told employees in a staff-wide memo yesterday that the company plans to cut its workforce by roughly 15% ...

Intel Corp. tumbled in premarket trading after Chief Executive Officer Lip-Bu Tan sparked concerns that he was more focused ...

Intel said Thursday it has mostly completed plans it announced last quarter to cut 15% of its workforce, as the struggling ...

Continued lay-offs and further spending cuts are part of the turnaround plan of the US-based chipmaker to save the company's ...

Shares of Intel Corp. tumbled 8.5% on Friday after Chief Executive Officer Lip-Bu Tan sparked concerns that he was more focused on cost cutting than restoring the chipmaker’s technological edge.

Intel's new CEO is just beginning to reorganize the business and could take years to show positive results with AI missed.

Intel Corp. extended its winning streak to a third straight day on Tuesday, adding 7.81 percent to close at $22.08 apiece as investors turned optimistic about the company’s turnaround plan.