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Intel

20 stories about Intel

$100M in savings not enough to justify Intel’s coffee cut

10.11.24|CTech

Intel reinstates coffee and tea service, acknowledging the importance of small perks for employee morale. “Although Intel still faces cost challenges, we understand that small comforts play a significant role in our daily routines,” the company stated.

Intel restores car benefit, citing progress on savings goals: "We understand the importance of this to employees"

07.11.24|Allon Sinai

New allowance plan comes as Intel restores key perks, amid efforts to stabilize morale during massive cost reductions. “Given our progress against our savings objectives, we have decided to retain the car benefit,” Christy Pambianchi, Intel's Executive Vice President and Chief People Officer, wrote to employees.

Lyft partners with Israeli companies Mobileye and Nexar to offer autonomous mobility at scale

06.11.24|James Spiro

The partnerships aim to establish a foothold in the autonomous vehicle market starting in Atlanta next year.

Intel Israel's layoffs are less severe than global cuts, but ambiguity persists

06.11.24|Allon Sinai

The exact number of job losses remains uncertain due to a decentralized approach to workforce reductions.

Intel brings back free coffee, considering return of company cars

06.11.24|Meir Orbach

Following employee discontent, Intel Israel partially reverses benefits cuts as it seeks to boost morale amid ongoing layoffs.

Intel aims to net billions in Altera stake sale, targeting $17 billion valuation

05.11.24|Reuters

Buyout firms Silver Lake, Bain Capital and Francisco Partners are among the potential suitors that are likely to compete to acquire a minority stake in Altera. "We remain focused on selling a stake in Altera on a path to its IPO in the coming years. To that end, we have begun discussions with potential investors and expect to conclude in early 2025," said Intel CEO Pat Gelsinger.

מנכ"ל אינטל פט גלסינגר משיק שבב AI גאודי 3

Four years and billions later, Intel’s Habana Labs is still searching for success amid layoffs

03.11.24|Allon Sinai

As Intel grapples with layoffs and massive cost-cutting, its high-stakes $2 billion acquisition of Habana Labs in 2019 has struggled to make a dent in Nvidia’s dominance.

Intel's workforce questions its future amid layoffs and shrinking benefits

01.11.24|Allon Sinai

Intel’s challenges in the AI-driven chip industry are well-documented, as the company strives to pivot away from its traditional PC business and focus on data centers, AI, and foundry services. Yet, for employees, the more immediate reality is a mix of diminishing benefits, increased pressure, and fading morale.

Intel’s struggles deepen with $16.6 billion loss but AI chip growth provides hope

31.10.24|Sophie Shulman

Company eyes AI and data center demand as it cuts costs and reorganizes.

מטבח מאובזר בפירות, ירקות ושלל סוגי גרנולות

From Intel to Meta: How high-tech giants are rethinking employee perks

31.10.24|Maayan Manela

With coffee cuts and meal reductions, the tech industry shifts its approach to benefits.

Intel issues ultimatum to employees to decide whether to take severance or fight layoffs

30.10.24|CTech

Following months of delay, Intel workers in Israel have days to decide whether to take a layoff package or appeal their terminations.

Pat Gelsinger’s Intel vision: An unfulfilled mission with mounting losses

29.10.24|Reuters

With revenue declines, strained TSMC ties, and unmet AI targets, Intel’s comeback strategy under Gelsinger reflects both ambition and deep-seated challenges.

Intel's biggest revenue decline in five quarters to hit amid broad layoffs and missed AI boom

29.10.24|Reuters and CTech

With revenues slipping and layoffs underway, Intel faces renewed questions on its data center strategy and generative AI prospects.

מימין טל סייג ו אסף עזרא מייסדי Granulate

Intel shuts down Granulate less than three years after $650M acquisition

29.10.24|Meir Orbach

Intel is closing the Israeli startup it acquired in 2022, laying off its entire workforce of over 100 employees amid sweeping global cutbacks.

"Why should I stay at Intel?" Employees question future as layoffs loom

28.10.24|Omer Kabir

Amid layoffs and new austerity measures, Intel Israel employees weigh whether loyalty to the company still holds value.

Granulate’s fate uncertain amid Intel layoffs, less than three years after $650M acquisition

27.10.24|CTech

Intel’s sweeping layoffs and cost-cutting moves mean Granulate’s operations and workforce are also in jeopardy.

Intel cuts free coffee, braces for next layoff wave

27.10.24|Omer Kabir

Intel Israel employees face empty kitchen stations as company cost-cutting intensifies ahead of layoff notices.

Beleaguered Intel gets $1 billion boost courtesy of EU Court of Justice

24.10.24|CTech and Reuters

The ruling ended a nearly two-decade-long fight between the U.S. chipmaker and EU regulators who had said it had tried to thwart a rival.

Will we ever know how many employees Intel is laying off in Israel?

21.10.24|Allon Sinai

In the U.S., companies are required to reveal mass layoffs by law, but in Israel, they are free to keep the public in the dark. This discrepancy raises concerns about the accountability of tech giants and leaves the likes of Intel Israel employees in limbo.

Intel lays off over 2,200 in the US as cutbacks continue in full force

17.10.24|CTech

The chip giant parted ways with thousands of employees in Oregon, Texas, California and Arizona this week, according to reports in the US, as it closes on its target of cutting 15,000 jobs. Hundreds of employees are set to be laid off in Israel at the end of October.