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In a revised letter to state and local officials on Thursday, tech giant Intel Corporation said it will be laying off 2,392 employees in Oregon.
The faltering company has laid off 4,000 in the U.S. this week. The impacts will be felt most acutely in Oregon.
The company’s ongoing eligibility for roughly $260 million in annual tax breaks may also come under renewed scrutiny, ...
Intel has confirmed plans to lay off nearly 4,000 employees nationwide, including in California, Arizona, and Texas.
Intel now expected to lay off over 2,000 Oregon employees ...
The overall semiconductor sector has been on an upward trend in recent weeks, and Intel stock, which is still down around 32% ...
"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 ...
More than 500 employees of the Intel Corporation in Oregon will be laid off, the tech giant announced Tuesday.
Intel stock jumps 7.23% to $23.59 after announcing 500 job cuts in Oregon as part of its 20% global workforce reduction ...
Intel Corp. will begin laying off approximately 529 people at four Oregon campuses starting next Tuesday, July 15, according ...
Shares of Intel ( INTC 7.29%) are spiking on Tuesday, up 6.4% as of 1:13 p.m. ET. The move comes as the S&P 500 ( ^GSPC -0.07 ...
Even after big job reductions in 2024, it's been clear for months that more cuts were on the way under new Intel CEO Lip-Bu ...