Intel is laying off thousands of US workers in AI restructuring CEO LipBu Tan says its too late to catch up with the competition
News Source : Windows Central
News Summary
- Around 5,000 "surplus" employees will be cut from positions at Intel across the United States as it focuses on artificial intelligence.
- In the Middle East, hundreds more are losing Intel Foundry jobs at fabrication plants in Israel.
- 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.
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 [+3758 chars]
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