Altera will trim scores of tech jobs in San Jose — although the pace of tech staff reductions has slowed in the Bay Area.

In the latest sign of ongoing struggles Intel, one of the semiconductor giant’s spinoff companies has announced dozens of Bay ...

In April, Intel announced the sale of a 51% stake in Altera to private equity firm Silver Lake, valuing the company at $8.75 ...

Intel said on Thursday it plans to slash its headcount to 75,000 by the end of this year, down from 99,500 at the end of 2024 and laid out a blueprint of a more streamlined chip manufacturer. Shares ...

Intel has decided to slash well over 700 Bay Area jobs during July alone as the legendary chipmaker embarks on a wrenching restructuring it hopes will create a more nimble tech company.

Intel is one of several tech giants to implement layoffs this year. Microsoft laid off around 9,000 workers in early July, while Meta cut about 5% of employees in January.

Intel said Thursday it plans to slash its headcount to 75,000 by the end of this year, down from 99,500 at the end of 2024. The Santa Clara, Calif.-based chipmaker disclosed the layoff goals as it ...

The decision on layoffs comes about four months after Lip-Bu Tan took over as CEO from Pat Gelsinger. Since then, Intel made a deal to sell off a majority stake in its Altera programable chips ...

The layoffs figure to have a profound effect on Oregon's economy. Intel is the state's largest corporate employer and the semiconductor industry pays an average wage that's $100,000 higher than ...

The American chip giant on Thursday afternoon said in a letter from CEO Lip-Bu Tan, published online in concert with the ...