Create account

Coverage dated July 31, 2024 to August 1, 2024

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals

Headline from WTOP Washington DC

Chipmaker Intel Corp. is cutting 15% of its massive workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD.

WTOP Washington DC's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Read the reports

Reports & sources

20 articles, oldest first.

  1. MyNorthwest

    Intel to cut more than 15% of workforce as it cuts costs to try to turn chip business around (opens MyNorthwest)

    Published

    MyNorthwest's feed description

    Chipmaker Intel Corp. is cutting 15% of its massive workforce as it tries to turn its business around to compete with more successful rivals like Nvidia

  2. CBS News

    Chipmaker Intel to slash 15% of its workforce amid Q2 losses and lackluster forecast (opens CBS News)

    Published

    CBS News's feed description

    CEO Pat Gelsinger said the chipmaker will cut roughly 15,000 jobs as it moves to slash costs.

  3. Daily Journal

    Intel to lay off more than 15% of its workforce as it cuts costs to try to turn its business around (opens Daily Journal)

    Published

    Daily Journal's feed description

    Chipmaker Intel Corp. is cutting 15% of its massive workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. In a memo to staff, Intel CEO Pat Gelsinger said Thursday the company plans to save $10 billion in 2025.

  4. Engadget

    Intel will cut over 15,000 jobs in a sweeping cost-cutting effort (opens Engadget)

    Published

    Engadget's feed description

    In a crushing quarterly update, Intel disclosed that it will cut more than 15 percent of its workforce, or over 15,000 jobs

  5. The Guardian

    Intel announces plan to cut 15,000 jobs to ‘resize and refocus’ business (opens The Guardian)

    Published

    The Guardian's feed description

    Firm reported a loss in its second quarter and said it would cut 15% of its workforce to cut costs and compete with rivals

  6. WHEC Rochester

    Intel announces it will cut more than 15% of its workforce as part of a broad cost-reduction program (opens WHEC Rochester)

    Published

    WHEC Rochester's feed description

    Intel announces it will cut more than 15% of its workforce as part of a broad cost-reduction program.

  7. Digital Journal

    Intel says it will slash workforce to cut costs (opens Digital Journal)

    Published

    Digital Journal's feed description

    US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.The plan to cut approximately $20

  8. Fortune

    Intel slashes 18,000 jobs and suspends dividend to better compete with chip rivals Nvidia and AMD (opens Fortune)

    Published

    Fortune's feed description

    The company plans to cut 15% of its massive workforce as it tries to rectify its flailing chip business.

  9. New York Times

    Intel, Struggling to Turn Itself Around, Will Cut More Than 15,000 Jobs (opens New York Times)

    Published

    New York Times's feed description

    The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.

  10. WTOP Washington DC

    Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals (opens WTOP Washington DC)

    Published

    WTOP Washington DC's feed description

    Chipmaker Intel Corp. is cutting 15% of its massive workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD.

  11. KOB 4

    Intel announces it will cut workforce by 15% (opens KOB 4)

    Published

    KOB 4's feed description

    RIO RANCHO, N.M. – Intel says it’s cutting its workforce by 15%, but there’s no word on how that will impact the Rio Rancho plant.15% comes out to about 15,000 jobs. This comes as the chipmaker is working to turn its business around to compete with more successful rivals.

  12. New York Post

    Intel cuts whopping 15K jobs, posts $1.6B loss just months after getting Biden funds (opens New York Post)

    Published

    New York Post's feed description

    Chipmaker Intel Corp. is cutting 15% of its massive workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals | Since Then