Intel Plans Historic 20% Workforce Cut Amid Strategic Overhaul
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Intel is preparing to announce over 20,000 job cuts globally this week as new CEO Lip-Bu Tan aims to streamline operations and restore engineering focus. The semiconductor giant's dramatic restructuring follows declining sales, losses, and mounting competitive pressures in the AI chip market.
Texas Instruments Cuts Jobs in Utah Despite Receiving $1.6B in CHIPS Act Funding
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Texas Instruments has laid off workers at its Lehi, Utah facility just months after receiving $1.61 billion in federal CHIPS funding and breaking ground on a new semiconductor plant. The company maintains its long-term expansion plans remain unchanged despite declining sales and the workforce reduction.