Latest news with #CRN
BBC News
7 hours ago
- Entertainment
- BBC News
Lincolnshire train station murals celebrate 200 years of railway
A series of vibrant murals have been unveiled on the railway line between Barton-upon-Humber and Cleethorpes Community Rail Partnership (BCCRP) said the Art Along the Line project was a celebration of local murals, which are located at Stallingborough, Great Coates, Cleethorpes, Grimsby Docks and New Clee, have been produced by local artist Nikita project is part of Railway 200 – which marks the 200th anniversary of the birth of the modern railway – and is supported by funding from East Midlands Railway and the Community Rail Network (CRN). Dawn Branton, an officer at CRN, said the murals told "the incredible story of our railway". "Each mural beautifully captures a piece of the Barton line, connecting the past with the present in a way that everyone can enjoy."The Barton-to-Cleethorpes line was opened in stages between 1848 and 1863 and survived the Beeching cuts of the 1960s, despite being recommended for Branton added: "We hope passengers and visitors alike will have a day out on the line, explore the route, and discover these fantastic artworks for themselves." Listen to highlights from Hull and East Yorkshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here.
India.com
2 days ago
- Business
- India.com
Bad news for employees of this company as it heads for major layoffs, sacks 20 per cent workforce, closes core units in…, the company is…, not Infosys or TCS
Bad news for employees of this company as it heads for major layoffs, sacks 20 per cent workforce, closes core units in..., the company is..., not Infosys or TCS Intel is cutting more jobs. A new notice says 107 employees linked to its main office in Santa Clara, California, will lose their jobs starting July 15. According to a CRN report, the company filed this notice under California's WARN law, which requires advance warning when 50 or more workers are laid off within 30 days. In the WARN notice, Intel said employees have either received a 60-day notice ahead of their separation or a four-week notice that comes with nine weeks of pay and benefits 'in lieu of further notice', as per CRN. Intel is also shutting down its automotive chip unit in Munich, Germany, and most people in that group will be let go. Earlier reports said the company might reduce staff by 15–20 percent in its chip-manufacturing division as part of a larger turnaround effort. What Intel said about the layoffs An Intel spokesperson, quoted by CRN, explained that the company is working to become 'leaner, faster, and more efficient.' The goal, they said, is to cut down on unnecessary layers in the organisation and give engineers more control so they can better meet customer needs. 'These decisions are not easy,' the spokesperson added, 'but they are being made after careful thought about what's best for the future of the company. We're committed to treating all employees with care and respect as we go through this process.' CEO Lip-Bu Tan's plans to fix intel Intel's new CEO, Lip-Bu Tan, who took charge in March 2025, is making big changes to turn the struggling company around. In April, he shared that Intel plans to cut USD 500 million in operating costs this year, and another USD 1 billion next year. But these savings come at a cost. 'There's no avoiding the fact that these changes will reduce our workforce,' Tan said in a message to employees. He added that while jobs will be cut, the company will also focus on keeping and hiring the right talent to move forward. He said each leader at Intel will be trusted to make the best decisions based on the company's top goals and promised to keep employees updated. Tan's plan includes a complete overhaul of Intel's AI strategy and chip-making process. One major change is cutting down layers of middle management, which he believes slow down innovation and decision-making. At a recent town hall, he warned employees that more 'tough decisions' are ahead. Tan, 65, is no stranger to leadership. He was the CEO of Cadence Design Systems and served on Intel's board until August 2024. He stepped in after Intel reported a USD 19 billion loss in 2024, its first annual loss in nearly 40 years. The company has also been losing ground to competitors like Nvidia and Arm, especially in the fast-growing AI chip market.
Time of India
3 days ago
- Automotive
- Time of India
Another cut for Intel; Chipmaker announces closure of this business unit; to layoff ‘most' of the staff
Intel is shutting down its automotive chip division and laying off the majority of employees in the section, reports The Oregonian. As per the report, the company has sent an internal memo to its employees, informing them about the decision. Tired of too many ads? go ad free now 'Intel plans to wind down the Intel architecture automotive business,' the company told employees, adding that the move is part of a larger plan to focus on its 'core client and data center portfolio.' In a statement to the publication, Intel said 'As we have said previously, we are refocusing on our core client and data center portfolio to strengthen our product offerings and meet the needs of our customers'. 'As part of this work, we have decided to wind down the automotive business within our client computing group,' the company added. 'We are committed to ensuring a smooth transition for our customers.' Intel's auto chip business powered over 50 million vehicles Intel has invested heavily in automotive semiconductors over the years. Its chips have been used in infotainment systems, instrument clusters, and other vehicle functions in more than 50 million cars. In 2024, the company introduced AI-enabled chips designed to enhance in-car navigation and voice assistants. It also announced plans to bring its Arc GPU to vehicles. Despite these developments, Intel now appears to be exiting the segment. The shift comes as part of CEO Lip-Bu Tan's broader restructuring efforts, aimed at streamlining operations and cutting costs. Layoffs at Intel The closure of the automotive unit follows news of broader layoffs across Intel. The company recently issued a WARN notice in California, indicating that 107 employees at its Santa Clara headquarters will lose their jobs. Tired of too many ads? go ad free now 'As we announced earlier this year, we are taking steps to become a leaner, faster and more efficient company. Removing organizational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution,' an Intel spokesperson told CRN. Additional job cuts are expected in Intel's foundry division as well. In April, Tan told employees that Intel would have to 'reduce the size' of its workforce in the second quarter of 2025 to improve operational efficiency. The chipmaker is targeting $500 million in cost reductions this year, with more cuts planned for 2026.
News18
3 days ago
- Business
- News18
Intel Layoffs: Company Starts Fresh Job Cuts, Sacks 107 Employees Linked To Headquarters
Last Updated: Intel has begun layoffs affecting 107 employees in Santa Clara as part of a restructuring plan. CEO Lip-Bu Tan aims to cut $500 mn in expenses this year and $1 bn next year. In the latest round of layoffs, chipmaker Intel has started fresh job cuts with 107 employees connected to its headquarters in Santa Clara, California, according to a CRN report. The layoffs are part of a broader restructuring plan to turnaround the beleaguered company. According to the report, Intel has informed this to the stated of California through a notice, which is required under the California's Worker Adjustment and Retraining Notification (WARN) in case of a layoff impacting 50 or more than employees in a 30-day period. In the notice, the company said the layoffs are expected to begin July 15. In the WARN notice, Intel said employees have either received a 60-day notice ahead of their separation or a four-week notice that comes with nine weeks of pay and benefits 'in lieu of further notice", as per CRN. Additionally, the company has also decided to close down its automotive chip business, which was based in Munich, Germany, according to The Oregonian citing an internal memo. According to the memo, 'Intel plans to wind down the Intel architecture automotive business" and will lay off most of its workers in the section. Last week, reports citing CEO Lip-Bu Tan 's internal memo suggested that Intel was planning to lay off 15%-20% workers from its chip manufacturing division. In the latest statement, an Intel spokesperson, as reported by CRN, said, 'As we announced earlier this year, we are taking steps to become a leaner, faster and more efficient company. Removing organisational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution." 'We are making these decisions based on careful consideration of what's needed to position our business for the future, and we will treat people with care and respect as we complete this important work," the spokesperson added. Lip-Bu Tan, who assumed the role of Intel's CEO in March, said in April that the company plans to cut operating expenses by $500 million this year and another $1 billion next year. 'There is no way around the fact that these critical changes will reduce the size of our workforce," he had said. 'We must balance our reductions with the need to retain and recruit key talent," he said in the memo. 'I will empower each of my leaders to make the best possible decisions aligned with our top priorities. These decisions will not be made lightly, and we will keep you regularly informed." Tan has been working on sweeping reforms at Intel, including a revamp of its artificial intelligence (AI) roadmap and chip manufacturing operations. A key element of his plan involves trimming layers of middle management, which he sees as an impediment to faster execution and innovation. In a recent company-wide town hall, Tan cautioned employees that 'tough decisions" lay ahead. Tan, 65, previously served as CEO of Cadence Design Systems and was a member of Intel's board until August 2024. His appointment follows a challenging period for Intel, which reported a $19 billion annual loss in 2024 — its first in nearly four decades — and continues to lose market share to rivals like Nvidia and Arm, especially in the AI chip sector. Intel also announced mass layoffs in August last year. The layoffs at Intel are part of a broader trend of cost-cutting and restructuring across the tech sector. According to data from over 63,443 tech workers have already been laid off across 147 companies in 2025 so far.
Time of India
3 days ago
- Automotive
- Time of India
Intel layoffs 2025: Design engineers, software architects lose jobs - these key divisions are next
Intel layoffs hit California hard: hundreds of chip engineers let go, automotive division shut down in major restructuring move- Intel layoffs have officially begun, with the tech giant cutting hundreds of jobs across California. The company is letting go of engineers, software architects, and even high-level executives, marking one of its biggest rounds of restructuring in recent years. The job cuts are part of a broader cost-cutting strategy driven by CEO Lip-Bu Tan, who had earlier warned that 15% to 20% of Intel's global workforce could face layoffs. In California alone, 107 employees based at Intel's Santa Clara headquarters have been notified of job termination. These layoffs, scheduled to start July 15, were confirmed through a WARN Act filing with the state, which mandates public disclosure when 50 or more employees are laid off within 30 days. Why is Intel laying off chip engineers and high-level managers? Intel layoffs are not limited to administrative roles. Surprisingly, the cuts include critical chip design engineers, logic developers, cloud software architects, and project managers. CRN reported that even senior positions like a Vice President of IT and multiple technology strategy leads are being eliminated. The layoffs affect 22 physical design engineers, three engineering managers, and several other developers tied to Intel's core CPU and GPU design teams. These aren't support roles — these are the people responsible for the chips powering Intel's main business lines. Intel says the move is aimed at streamlining operations and eliminating unnecessary management layers. But for many, the inclusion of high-value technical talent in these layoffs raises serious questions about Intel's direction and execution strategy. Live Events Also Read: US stock futures rise: Dow, S&P 500, and Nasdaq edge higher as Nvidia, BlackBerry, and QuantumScape rally What's happening to Intel's automotive chip business? One of the biggest shocks in the Intel layoffs is the complete shutdown of its automotive chip division. Intel is exiting the automotive market altogether — a dramatic decision considering the industry's rapid growth toward electric and software-defined vehicles. This unit was part of Intel's Client Computing Group and was led by Jack Weast, a respected Intel Fellow and former VP at Mobileye. The team operated primarily out of Munich, Germany, working closely with major European automakers. But now, that entire division is being scrapped. Most of the employees are expected to lose their jobs as Intel refocuses its efforts on core areas like client computing and data center solutions. It's a major shift for a company that once had ambitions to lead in automotive-grade semiconductors. How many Intel employees in California are losing their jobs? According to the WARN Act notice, 107 Intel workers at its Santa Clara headquarters are set to be laid off starting July 15. Affected employees have either received a 60-day notice or a shorter four-week notice, along with nine weeks of compensation and benefits. This wave of Intel layoffs is just part of a larger global reduction, with CEO Lip-Bu Tan confirming earlier this year that 15% to 20% of Intel's workforce could be impacted. These cuts are a direct result of Intel's ongoing attempt to cut costs, streamline operations, and restructure management hierarchy. Intel stock dips slightly after strong rally Intel Corp. (INTC) is trading at $22.20 , down 1.5% today after a recent rally lifted the stock earlier this week. How did Intel perform recently? June 24: Intel surged 6.4% , closing at $22.55 on strong trading volume (130M shares). 1-week performance: +3.3% 1-month gain: +9.6% 3-month change: –6.0% Year-to-date: –27.7% What's Intel's long-term strategy behind these layoffs? CEO Lip-Bu Tan is pushing for a leaner, faster Intel. In a company-wide memo from April, Tan criticized Intel's former practice of tying leadership performance to the size of one's team. Going forward, Intel's performance metrics will focus on execution and efficiency — not headcount. The goal is to remove unnecessary bureaucracy and speed up decision-making across the company. This strategy involves reducing overlapping roles and consolidating layers of management — even if it means letting go of some valuable engineers and architects in the process. Could this major restructuring help or hurt Intel's future? Intel layoffs may free up resources and reduce operational drag, but they also risk losing critical talent at a time when chipmaking is more competitive than ever. With AMD, Nvidia, and Apple ramping up innovation, Intel can't afford to fall behind. Shutting down the automotive division also means walking away from a major growth sector. While it might help Intel sharpen its focus on client and data center products, it also limits diversification — a move that could backfire if core markets slow down. Only time will tell if this restructuring brings the agility Intel is hoping for, or if it marks a deeper retreat from sectors where competitors are gaining ground. Intel layoffs hit over 100 employees in California, with more expected globally. Engineering and leadership roles, including chip designers, are being cut. Intel's automotive chip division is being shut down, with jobs in Munich affected. Layoffs begin July 15, according to California's WARN Act notice. CEO Lip-Bu Tan aims to eliminate bureaucracy and focus on execution speed. What's behind the recent moves? Foundry revival: Optimism is growing around Intel's 18A chip manufacturing process. Cost cuts: Intel is laying off 107 employees and winding down its automotive unit as part of a larger restructuring. Sector swings: Tech stocks are volatile, with Intel lagging behind rivals like Nvidia and AMD. What's next for Intel? Earnings report due July 24 Market watching foundry updates and restructuring progress Investor focus on cost management and recovery in chip demand FAQs: Q1: Why is Intel laying off chip engineers in California? Intel is cutting jobs to reduce costs and simplify its management structure. Q2: Is Intel closing its automotive chip business? Yes, Intel is shutting down its automotive chip division as part of a company-wide restructuring.
