(Bloomberg) -- Intel Corp. is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with ...

Intel (INTC) stock rose roughly 5.5% on Wednesday after a report from Bloomberg late Tuesday said the chipmaker plans to cut 20% of its workforce. The report comes just a day before the chipmaker ...

Beleaguered chipmaker Intel has confirmed plans to restructure in a shift that will involve an unspecified number of layoffs. It was reported this week that the company could lay off around 20 ...

Intel plans to eliminate 20,000 jobs or more across the company, Bloomberg reported Tuesday night, citing an anonymous source familiar with the chipmaker’s plans. The cutbacks would follow ...

New Intel CEO Lip-Bu Tan is shaking up the company’s organizational structure and cutting costs but isn’t remaking its strategy, one of his top lieutenants told investment bankers Tuesday.

Intel Corp. is planning to announce cuts to more than 20% of its workforce this week, Bloomberg News reported Tuesday night, in what would be the the first major restructuring under new Chief ...

Recession indicator? Intel is set to lay off tens of thousands of employees. Credit: Matthias Balk/picture alliance via Getty Images There's been a lot of talk online about "recession indicators ...

Intel Corp. late Thursday unveiled a turnaround plan that aims to return it to its engineering roots, the first major action under new Chief Executive Lip-Bu Tan, but its stock tumbled on its ...

While specific layoff numbers haven't been released, reports suggest they could exceed 20% of Intel's global workforce. Intel Corp. plans employment reductions and a tighter return-to-work policy ...

Intel has named a new chief executive, as the chipmaking giant attempts to recover from several bruising years that saw the one-time industry leader fall behind most of its rivals. The company ...

Intel Corp. is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter ...