Amid reports that up to 20% of its factory workforce could be cut, Intel is set to begin major layoffs on July 15, with California employees among the first affected, as revealed by a latest report from CRN. Meanwhile, Intel is also shutting down its automotive unit in another significant step to st...

According to ijiwei, citing OregonLive, Intel has reportedly informed its factory employees this month that layoffs will begin in mid-July, with the initial round expected to be completed by the end of the month, as disclosed in an internal memo from executives reviewed by OregonLive. The memo do...

Microsoft has reportedly initiated another round of layoffs just weeks after announcing its largest workforce reduction in years, Bloomberg notes. The move underscores the tech sector’s ongoing efforts to cut costs despite pouring significant investments into AI, according to the report. A noti...

Amid weak Q2 guidance, Intel CEO Lip-Bu Tan unveiled a series of sweeping changes to reshape the company—starting with major layoffs, cost cuts, and more. According to Intel’s press release and media reports, layoffs affecting up to 20% of the workforce are set to begin in Q2, with 2025 capex ta...

European semiconductor heavyweight STMicroelectronics is facing mounting challenges on multiple fronts. As noted by The Wall Street Journal, the company plans to cut 2,800 jobs by 2027 in an effort to improve performance after several months of sluggish sales. STMicroelectronics stated that the job ...