‘We’re not in the top 10’: Intel CEO admits slide as 5,500 more jobs cut in AI-era shakeup
Chipmaking giant Intel is set to lay off around 5,500 employees across various US states in a restructuring move aimed at cutting costs and addressing mounting financial stress.
The job cuts, affecting engineers, senior leaders and back-office roles, represent the latest chapter in the company’s ongoing struggle to retain relevance in an AI-dominated semiconductor landscape.
