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Layoffs

20 stories about Layoffs

מימין טל סייג ו אסף עזרא מייסדי Granulate

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.

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.

Intel pushes layoffs of hundreds of employees in Israel to end of October

14.10.24|CTech

While many Intel employees across the world will find out this week if they are being let go, the cutbacks in Israel won’t take place before the last week of October following the conclusion of the Jewish holidays.

Intel employees brace for layoff notices as cuts to move into high gear next week

09.10.24|CTech

With employees who selected early retirement officially leaving the company at the end of September, layoffs are set to ramp up soon.

Imaging sensor unicorn Vayyar laying off dozens of employees as cash burn forces strategic shift

24.09.24|Meir Orbach

After raising $300M, the 3D sensor company narrows focus to core markets in a bid for sustainability.

יונתן אדירי מייסד מנכ"ל Healthy.io שבוע סטארטאפים

Healthy.io lays off another 30% of team in second major restructuring

22.09.24|Meir Orbach

The Israeli healthtech firm is cutting 40 jobs after parting ways with 70 employees last year.

Intel employees face excruciating wait on layoff notice as CEO Gelsinger sets mid-October deadline

19.09.24|CTech

Gelsinger stated that the company is more than halfway to its workforce reduction target of approximately 15,000 employees by the end of the year.

Intel foundry goes independent, secures AWS AI chip collaboration and $3B government deal

17.09.24|Viki Auslender

CEO Gelsinger pushes bold restructuring with AI chip collaboration and plans for self-financed growth.

Intel scraps coffee stations and phone benefits as financial pressures mount

15.09.24|Meir Orbach

Cost-cutting measures continue at Intel with reductions in non-essential benefits for employees.

"Intel is a sick company. It has to separate manufacturing from development"

15.09.24|Sophie Shulman and Meir Orbach

Dov Moran, the legendary entrepreneur and inventor of the USB memory stick, believes Intel is running out of options. With job cuts looming and critical projects delayed, the question remains: How will Israel’s economy withstand the ripple effects of Intel’s global transformation?

Intel's future in limbo following key three-day board summit

12.09.24|Omer Kabir

With the company in turmoil, drastic options like asset sales and project delays are on the table.

Intel may lay off over 1,000 employees in Israel as global cuts begin

10.09.24|Meir Orbach

Major workforce reductions come as Intel pushes for $10 billion in savings worldwide.

Mobileye drops lidar development, axes 100 jobs to save $60M

09.09.24|Sophie Shulman

Cost-saving measures and evolving technologies force the autonomous leader to rethink sensor strategies.

מימין מנכ"ל אינטל העולמית פט גלסינגר ונשיא ומנכ"ל מובילאיי אמנון שעשוע

Intel weighs selling part of Mobileye to raise much-needed capital

06.09.24|CTech

Amid revenue declines and market pressures, Intel is considering selling part of its 88% stake in the Israeli automated driving systems provider.

Intel races against time to complete layoffs amid financial losses

05.09.24|CTech

Failed Broadcom chip test threatens foundry plan as Intel looks to 2027.

Meta ends global AR chip development, shuts down Israeli operations

04.09.24|Meir Orbach

The process of winding down its AR chip operations began in October of last year when Meta started laying off employees globally in this division.

מנכ"ל אינטל פט גלסינגר משיק שבב AI גאודי 3

Intel faces Dow Jones ouster: Is Nvidia set to take its place?

03.09.24|Reuters

With Intel's shares down more than 70% from a record high in August 2000, the Dow may turn to Nvidia as the new tech heavyweight.

Intel's CEO to unveil aggressive cost-saving measures at pivotal board meeting

02.09.24|Reuters

Gelsinger’s strategy could include selling Altera and freezing factory expansions.

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