News

Intel to lay off 15% of workforce amid challenges

Intel to lay off 15% of workforce as CEO implements costs discipline amid manufacturing challenges and projected losses

Published

6 months ago

July 25, 2025

ticker NEWS

Intel to lay off 15% of workforce as CEO implements costs discipline amid manufacturing challenges and projected losses

In Short:
– Intel is laying off 15% of its workforce to restructure under new CEO Lip Bu Tan.
– The company expects significant losses next quarter, forecasting 24 cents per share in losses.

Intel is laying off 15% of its workforce as part of a restructuring plan led by new CEO Lip Bu Tan. According to Reuters, this move is aimed at creating a more financially disciplined organisation, addressing challenges that have significantly impacted the company.

The downsizing will reduce Intel’s workforce from approximately 96,400 to 75,000 by year-end. Tan expressed that changes in manufacturing strategy would align production with demand rather than preemptively building factories. Intel’s 18A manufacturing process is anticipated to enter high volume, but the company may exit chip production if external customer demand does not materialise.

Financial Outlook

Intel expects significant losses in the upcoming quarter, forecasting a loss of 24 cents per share, contrasting with analysts’ estimates of 18 cents. Despite predicting higher-than-expected revenues, the chipmaker faces an uncertain market, following a strong but fleeting PC demand boost. Its second-quarter earnings underscored the challenges, revealing a significant increase in losses compared to expectations.

News

Ukraine and Russia set for U.S.-brokered peace talks in Abu Dhabi

Published

21 hours ago

February 2, 2026

Harvey Vargas

Ukrainian President Volodymyr Zelenskyy has confirmed that new peace talks with Russia will take place in Abu Dhabi later this week. The discussions are part of U.S.-led efforts to find a path toward ending the ongoing war.

Zelenskyy emphasised that Ukraine is prepared for meaningful dialogue aimed at achieving peace. The announcement comes after weeks of uncertainty over the timing of the meeting.

U.S. special envoy Steve Witkoff described prior discussions with Russian officials as productive, though major disagreements over territorial issues remain unresolved.

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News

Tensions rise as Iran threatens conflict and U.S. increases naval forces

Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

Published

23 hours ago

February 2, 2026

Harvey Vargas

Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

Iran has warned of a potential regional conflict if the U.S. launches an attack, while labelling European armies as terrorists. Supreme Leader Ayatollah Ali Khamenei insisted that threats from President Trump will not intimidate the Iranian people.

The U.S. has ramped up its naval presence in the Middle East in response to mounting threats, amid speculation over Iran’s next moves. Iranian officials have denied claims of imminent naval exercises in the Strait of Hormuz, adding to global uncertainty.

#MiddleEastCrisis #IranUS #Geopolitics #NavalTensions #Trump #AyatollahKhamenei #EuropeanUnion #GlobalConflict

News

Carlos Alcaraz becomes youngest man to complete career Grand Slam

Carlos Alcaraz, at 22, stuns tennis by winning the Australian Open, defeating Djokovic, and celebrating with a kangaroo tattoo.

Published

23 hours ago

February 2, 2026

Harvey Vargas

Carlos Alcaraz, at 22, stuns tennis by winning the Australian Open, defeating Djokovic, and celebrating with a kangaroo tattoo.

Carlos Alcaraz has stunned the tennis world by winning the Australian Open, becoming the youngest man to complete a Career Grand Slam at just 22 years old.

The world number one beat Novak Djokovic in a thrilling four-set match, finishing 2-6, 6-2, 6-3, 7-5. Djokovic missed out on claiming his 25th Grand Slam title. To mark the milestone, Alcaraz revealed he plans to add a new tattoo of a kangaroo on his leg, joining his existing Eiffel Tower and Wimbledon strawberry tattoos.

#CarlosAlcaraz #AustralianOpen #GrandSlam #TennisHistory #NovakDjokovic #SportsNews #TennisTattoo #YoungChampion