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Intel cuts hundreds more Bay Area jobs as tech layoffs worsen
Intel CEO Lip-Bu Tan warned in April that the quest for efficiency would be accompanied by painful job losses. The semiconductor company had previously disclosed its intentions to cut 20% of its global workforce, which would equate to 21,000 workers worldwide.
Intel has filed documents revealing that the company plans to lay off as many as 5,000 workers in an effort to make the ...
Key Points Intel scaled back its AI accelerator ambitions earlier this year.The company now appears to be refocusing on AI ...
Once the premier maker of semiconductors and a stalwart of Oregon's "Silicon Forest," Intel is struggling. A breakup is even possible.
Lip-Bu Tan seemingly also said that "we are not in the top 10 semiconductor companies" any longer - a frank admission indeed.
"I think is too late for us" to catch up with Nvidia's position in AI, said Lip-Bu Tan. But he said Intel has other ...
Intel’s CEO Lip-Bu Tan told employees that he doesn’t consider Intel to be among the leading chip companies, a stark contrast ...
Intel confirms over 5,000 job cuts across four U.S. states as part of CEO Lip-Bu Tan’s broad restructuring strategy.
The new strategy for Intel's foundry business would mean offering outside customers a newer generation of technology, two people familiar with the matter told Reuters.
Intel CEO Lip-Bu Tan admits the company has fallen behind the competition, says that Intel is 'not in the top 10 ...
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