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'Painful news to share' says Intel CEO Pat Gelsinger as company prepares to lay off thousands of employees

Chipmaker Intel has revealed plans to reduce its workforce by 15 percent and the decision could imp…

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1 min read

Intel plunges 30%, most since 1982, after announcing layoffs and weak guidance

Intel's stock plunged Friday after the company announced plans to lay off 15,000 workers.

Kelly Cloonan   


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Intel shareholders accuse company of hiding problems about its in-house chips manufacturing business ahead of announced layoffs and poor earnings

Intel shareholders accused the company of hiding problems about its in-house foundry business in a …

Lloyd Lee   


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'No warning, no explanation': Former Microsoft India employee talks about his layoff experience

A former Microsoft India employee, laid off abruptly in 2005, shared his experience on LinkedIn. He…

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3 mins read

Get ready for nasty layoffs and say goodbye to the 4-day workweek

Economic concerns could push CEOs to conduct layoffs and cut back on perks like remote work.

Tim Paradis   


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5 mins read

Google's layoffs already impacted its culture. Now they're affecting its bottom line.

In today's big story, we're looking at highlights from two of the world's biggest tech companies' e…

Dan DeFrancesco   


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Intel plans major layoffs this month as PC sales nosedive: Report

Chip-maker Intel is reportedly planning job cuts that can run in thousands, especially hitting its …

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Intel's CEO will take a 25% pay cut, as the company attempts to compete with global chip manufacturers and prevent further layoffs

Intel CEO will Pat Gelsinger will take a salary reduction alongside other higher-ups, as the tech g…

Aidan Pollard   


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Nidhi Pandurangi   


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Meta employees are bracing for possible layoffs as growth slows and spending on the metaverse soars

Meta burned $4 billion on the metaverse this quarter and Mark Zuckerberg vowed Wednesday to spend b…

Avery Hartmans   


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3 mins read

Insiders describe 'complete chaos' at Oracle following layoffs and restructuring

Inside Oracle's layoffs, potentially impacting thousands — those who haven't yet been laid of…

Jordan Parker Erb   


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1 min read

Satya Nadella-run Microsoft becomes the first tech giant to lay off employees

"Today we had a small number of role eliminations. Like all companies, we evaluate our business pri…

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4 mins read

Big Tech reshaped immigration policy to recruit global talent. The newest wave of layoffs have left those immigrant workers stranded.

Outdated immigration policy and tech company layoffs have led to many H-1B visa holders scrambling …

Isaiah Reynolds   


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Benjamin Pimentel   


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India sees second wave of layoffs and pay cuts as companies grapple with COVID-19 pandemic

From hospitality, fitness to the aviation industry, the jobs scenario looks bleak and the situation…

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4 mins read

Election whale trade — Bank of America equities shakeup — Charles Schwab layoffs

Mysterious bullish election bets; Charles Schwab layoffs; WeWork tells members to pay up; Bank of …

Meredith Mazzilli   


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Intel, Amazon, Twitter, and other companies looking for software developers in India right now

Every week Business Insider India curates a list of job opportunities available at top tech orga…

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Intel CEO confirms layoffs as he acknowledges the need to keep up with pace of change

Perhaps in a way to hide its mounting loss in mobile, Intel combined the PC and mobile groups under…

Eugene Kim   


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Intel CEO tells upset employees facing layoffs 'This is the way a meritocracy works'

The report says employees have been complaining about the way Intel laid off some people based on "…

Eugene Kim   


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1 min read

Intel Is Shutting Down A Plant In Massachusetts And Laying Off 700 People

The factory was originally built by a company called Digital Equipment Corp, which has long since c…