Intel Forecast Spurs Expense and Jobs Cuts
April 24, 2025, 4:35 pm
Intel’s latest earnings report revealed a gloomy outlook, prompting plans to trim operational, capital expenses and workforce cuts. The disappointing guidance sent investors scrambling for reassurances, as the chip giant grapples with slowing demand and competitive pressures. A series of reports confirm that internal management isn’t sparing any expense cuts—even if it means more layoffs.
Despite strong Q1 from chip stockpiling, Intel's weak Q2 forecast disappointed analysts, causing a 5% stock drop.
Michelle Johnston Holthaus, head of Intel’s product division, said customers are hedging against tariffs.
Intel announced that its new AI PC chips aren't selling as well as expected. As a result, it faces a shortage of production capacity for its 'Intel 7' process node, and the company expects this shortage to "persist for the foreseeable future."
Thousands face ax, more given RTO orders in quest to suck less Intel's new CEO Lip-Bu Tan is swinging the ax again, with another round of layoffs incoming as Chipzilla tries to reboot its core.…
Intel's revenue forecast included a "wider than normal" range, which the company said was due to uncertainty caused by tariffs
Intel CEO Lip Bu-Tan announced a series of sweeping measures today, including an unspecified number of layoffs, a company restructuring, the elimination of non-core products, and a return-to-office mandate, as the company presented its first-quarter earnings report.
Intel says that it’ll require employees to work from the office four days a week, a shift from the company’s current policy. CEO Lip-Bu Tan made the announcement during Intel’s Q1 2025 earnings call on Thursday. Previously, Intel allowed staff to work from home two days a week, but Tan said...
The American chip-making giant’s stock fell after it said an overhaul is under way and that macro conditions would prove challenging.
Lip-Bu Tan, the new CEO of Intel, sent out a blunt message to employees saying the company has to reorganize to be more efficient.
In its first earnings report under the leadership of CEO Lip-Bu Tan, Intel said it plans to slash operational and capital expenses in the coming year.
Intel to slash capex as chipmaker contends with Trump trade war Financial Times
Intel (INTC) Delivers Disappointing Forecast, Moves to Slash More Jobs Bloomberg.com
permalink / 12 stories from 9 sources in 5 days ago #earnings #chips #tariffs #recession #technology
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