Intel is undergoing a seismic shake-up, axing jobs and abandoning its automotive chip division as part of a cost-cutting ...

Intel has started cutting jobs in California. It is also shutting down its automotive chip unit, as part of CEO Lip-Bu Tan’s broader cost-cutting and restructuring strategy.

Intel has been making industrial chips for the car industry since 1976, but in the last decade or so, it has been moving into ...

Intel is making a clean break from the road. In a decisive move to sharpen its focus and rein in spending, the tech giant has confirmed it will shut down its automotive unit and lay off most of the ...

Intel has begun laying off employees in California — including design engineers — as part of CEO Lip-Bu Tan's plan to cut ...

Intel’s stock surged 6.4% after positive developments boosted investor confidence. Counterpoint Research revealed Intel grabbed 6.5% of the foundry market, ranking second behind TSMC. Samsung’s pivot ...

Intel has begun layoffs that were foreshadowed by CEO Lip-Bu Tan with a notice sent to California last week detailing roles ...

The company plans to outsource a large portion of its marketing functions to Accenture (ACN), tapping into the consulting ...

Intel will shut down its small automotive business and lay off the majority of the workers in that segment, the latest step ...

Intel plans on outsourcing many of marketing jobs to Accenture that will use AI for marketing. Here's what it may mean for ...

Intel's stock jumped over 5% following news of major marketing workforce reductions and AI-driven outsourcing to Accenture.

Whether these purported lay offs are part of Intel's previously stated plans to trim staff, or if this latest cull means that ...