Intel is reportedly preparing to announce plans this week to reduce its workforce by more than 20%, according to a Bloomberg News report citing a person familiar with the matter. This significant staff reduction aims to eliminate bureaucracy and help rebuild an engineering-focused culture at the struggling chipmaker. The impending cuts follow last year’s efforts … Read more
Intel is reportedly in discussions with Apollo Global Management for an $11 billion deal in Ireland, aiming to expand its global footprint. Although neither party has confirmed the talks, sources suggest that an agreement could materialize in the coming weeks. This initiative forms part of Intel’s broader strategy to invest $100 billion across four countries, … Read more
Chipmaker Intel is considering a significant decrease in staff, probably in the thousands, in the face of a slowdown in the personal computer industry, Bloomberg News reported. According to the article, the layoffs will be announced as early as this month, and some of Intel’s divisions, notably the sales and marketing business, may experience 20% … Read more