Intel to lay off more than 15 per cent of its workforce as it cuts costs to try to turn its business around

Intel to lay off more than 15 per cent of its workforce as it cuts costs to try to turn its business around

"These decisions have challenged me to my core, and this is the hardest thing I've done in my career," he said. The bulk of the layoffs are expected to be completed this year. "Intel's announcement of a significant cost-cutting plan including layoffs may bolster its near-term financials, but this move alone is insufficient to redefine its position in the evolving chip market," said eMarketer analyst Jacob Bourne. "The company faces a critical juncture as it leverages U.S. investment in domestic manufacturing and the surging global demand for AI chips to establish itself in chip fabrication.

'Bears and the bare naked': RCMP search for elusive nude man spotted at Kananaskis, Alta., campground A Canadian warship on its first-ever Arctic patrol encountered a Chinese polar research vessel in the Bering Strait off Alaska earlier this month, as the Department of National Defence says global competitors are increasingly probing Canadian infrastructure and gathering intelligence in a warming Arctic.

A representative for Cardi B confirmed the news to The Associated Press, writing, 'This is not based on any one particular incident, it has been a long time coming and is amicable.'Universal has landed the rights to Spears' bestselling memoir, 'The Woman in Me,' which is being developed as a biopic of the pop star's life.

A naked man who has been spotted by campers in Kananaskis Country, Alta., several times over the last month has so far been able to evade efforts to find him.Speed is being investigated as a possible factor in a Wednesday crash that left one man dead in southeast Calgary.Bylaw Services is reminding residents it's illegal to keep raccoons as pets, after discovering a raccoon had been living in an Ottawa apartment its whole life.

A Nova Scotia couple is facing animal-related charges after a person found a dog in need of medical care in the Yarmouth area earlier this summer.Suspicious fire in Dartmouth, N.S., under investigation: policeManitoba RCMP has arrested an 81-year-old retired priest living in Regina in connection to a historical sexual assault of a young girl dating back to the 1970s.A second alleged victim of a former Winnipeg hockey coach and lawyer is suing his estate for physical and sexual assaults.

Sault Ste. Marie Ontario Provincial Police have charged a 31-year-old suspect after a dispute between two tenants boiled over this week.Emergency responders searching for a child in the Thames River

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Intel to cut roughly 15,000 jobs as it cuts costs to try to turn its business aroundChipmaker Intel Corp. is cutting 15% of its massive workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful...
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Retail Investors’ Leveraged Bets Threaten Japan Chipmaker Stocks(Bloomberg) -- While Japan’s broad Topix index reclaimed its historic high on Thursday, a large build-up of margin buying positions by individual traders is ...
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Retail Investors’ Leveraged Bets Threaten Japan Chipmaker StocksWhile Japan’s broad Topix index reclaimed its historic high on Thursday, a large build-up of margin buying positions by individual traders is looming as a potential headwind for semiconductor makers, power companies and some growth stocks.
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