Intel is finally feeling the pain of nVidia and Apple silicon’s impact on the market. Announce the layoff of more than 24,000 people.

Intel headquarters at 2200 Mission College Boulevard in Santa Clara, California

Intel is undergoing sweeping structural changes as the technology giant faces mounting pressure in the competitive semiconductor market. Under new leadership, the company plans to lay off a substantial portion of its workforce and scale back major capital expenditures, signaling a profound shift in strategy as it seeks to regain relevance in the AI-driven chip…

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