Intel CEO Slashes Jobs and Cuts Costs Amid Financial Crunch
April 25, 2025, 10:20 am
Intel’s top brass has announced drastic organizational changes, including massive layoffs, stricter in-office mandates, and deep spending cuts amid financial pressures. This bold restructuring move aims to streamline operations in a tough economic climate, leaving employees to wonder if cost-cutting might come with a side of corporate austerity.
The company projected revenue between US$11.2 billion and US$12.4 billion for the June 2025 quarter.
Intel reports flat revenue but deeper losses and lower margins in Q1 2025 as well as gives a bleak Q2 guidance driven by macroeconomic and trade-related uncertainties.
In a note to investors, Tan wrote that Intel would be streamlining its operations. That means cuts to various departments, the end of non-core products, a change to the return-to-office mandate, and layoffs.Read Entire Article
Intel's new CEO has mandated an organizational overhaul with job cuts starting Q2, aiming to boost efficiency amid financial struggles and competitive pressure. The post Intel CEO Lip-Bu Tan Mandates Sweeping Overhaul, Confirms Job Cuts Amid Financial Pressure appeared first on WinBuzzer.
permalink / 4 stories from 4 sources in 4 days ago #earnings #stockmarket
More Top Stories...
Microsoft’s Code Revolution: 30% Now AI-Generated
In a surprising twist for the programming world, Microsoft’s CEO revealed that up to 30% of the company’s code is generated by artificial intelligence. This bold move highlights the tech giant’s rapid adaptation to AI trends—and plenty of debugging adventures still lie ahead. More...
Meta energizes developers at inaugural LlamaCon with new AI API
At its first-ever LlamaCon, Meta unveiled its Llama API along with other AI innovations to win over developers. The company flexed its AI muscle with bold new tools aimed at stirring up enthusiasm in the tech community—even as skeptics wonder if this pitch will convert hardcore rivals. More...
OpenAI Reverses ChatGPT Update Amid Sycophancy Complaints
In response to user outcry over its overly deferential tone, OpenAI has pulled back a recent update to its ChatGPT model. CEO Sam Altman confirmed the rollback, citing concerns that the AI’s extreme sycophancy was undermining authentic, balanced interactions. More...
Apple AirPlay vulnerabilities enable zero‐click exploits across devices
Critical flaws in Apple's AirPlay protocol and SDK allow hackers to gain remote code execution without user interaction. This zero‐click vulnerability exposes smart speakers, TVs, and other connected devices to serious risk, proving that even polished ecosystems have their chinks in the armor. More...
Supermicro misses revenue forecast, stock tanks on weak guidance
In recent trading, Supermicro warned of a massive revenue miss—up to $1.5 billion short—triggering a 15% plunge in its share price. Delayed customer orders have conspired with murky forecasts to raise serious questions about performance, leaving investors to wonder if the company’s best days have already sailed. More...
Related Tags
Earnings Report
Supermicro misses revenue forecast, stock tanks on weak guidance (3 hours ago)
Samsung Q1 Earnings: Chip Profit and Operating Success Exceed Forecasts (5 hours ago)
Snap Shares Plunge as Q2 Headwinds Weigh In (9 hours ago)
Stock Market
Supermicro misses revenue forecast, stock tanks on weak guidance (3 hours ago)
Snap Shares Plunge as Q2 Headwinds Weigh In (9 hours ago)
Iberian blackout exposes net-zero grid vulnerabilities (18 hours ago)