Intel has begun laying off employees under new CEO Lip-Bu Tans major cost-cutting push, with 107 staff at its Santa Clara ...

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 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 ...

Lip-Bu Tan calls in the crusher Intel is shuttering its automotive efforts and laying off the bulk of the team responsible.… ...

Intel (INTC) is reportedly shutting down its automotive unit and will lay off most employees in that segment, the company told staff in an internal message. “The company plans to wind down the Intel ...

Microsoft’s Xbox division may face major layoffs next week as the company restructures before its fiscal year ends.

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

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 ...