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‘No more blank checks’: Intel to cut 25,000 jobs and enforce office return  San Francisco Chronicle Intel Expects Work Force to Shrink by 25,000  The New York Times Intel is cutting more jobs as CEO Tan tries to fix manufacturing missteps  Reuters Intel’s Workforce To Shrink By Nearly A Quarter By Year’s End  CRN Magazine Intel’s Harsh Reality Nullifies Tariff Boost — Heard on …

Intel CEO Lip-Bu Tan sent a memo to employees Thursday informing them of significant ongoing layoffs and other cost-cutting measures. The company has struggled to maintain a competitive edge amid ongoing financial losses and strategic setbacks in the AI and semiconductor markets. “There are no more blank checks,” Tan wrote in a memo to employees, published by Reuters. “Every investment …