Intel to reduce headcount; shuts down automotive chip division

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Intel has begun reducing its workforce as part of a cost-cutting and restructuring strategy. The decision comes as the chipmaker is reportedly shutting down its automotive chip division.

The report was based on an internal message Intel sent to employees on Wednesday. CEO Lip-Bu Tan had hinted at a workforce reduction of nearly 15–20% two months ago, affecting roles such as chip design engineers, cloud software architects, engineering managers and architects, according to a report by tech magazine CRN.

The layoffs mark the first major move under the…



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Intel to reduce headcount; shuts down automotive chip division



Intel has begun reducing its workforce as part of a cost-cutting and restructuring strategy. The decision comes as the chipmaker is reportedly shutting down its automotive chip division.

The report was based on an internal message Intel sent to employees on Wednesday. CEO Lip-Bu Tan had hinted at a workforce reduction of nearly 15–20% two months ago, affecting roles such as chip design engineers, cloud software architects, engineering managers and architects, according to a report by tech magazine CRN.

The layoffs mark the first major move under the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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