Intel is making extensive cuts to its business, with layoffs in the United States affecting thousands of "mostly back office staff" employees, including those in California, Oregon, and Texas. In the Middle East, hundreds more are losing Intel Foundry jobs at fabrication plants in Israel (via The Register).
These layoffs follow an internal broadcast from CEO Lip-Bu Tan, who told his employees that Intel is "not in the top 10 semiconductor companies" and that it's "too late" for them to train in-house AI models on hardware that could compete with NVIDIA's dominance in the sector (via Oregon Live).
