Rumors of these layoffs began back in April as Intel looks to refocus on its core business units and shed additional bloat.
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Intel has decided to close down its automotive business, a decision that will lead to layoffs.
Intel cancelled multiple manufacturing projects in Europe and delayed its Ohio chip plant for the second time this year.
The U.S. government's recent stake in Intel comes after a long period of floundering at the company's foundry business.
The company laid off around 1% of its total workforce, or around 140 employees. It's the third round of cuts since the start of…
Some of the positions focus on AI-native development, data engineering and analytics, cloud-based engineering, and agent and…
Dating app Bumble announced on Wednesday that it's laying off 30% of its workforce, impacting around 240 positions.
