Company is looking to streamline foundry business in wake of disappointing Q3 results

Company is also looking to resolve strike action taking place at Indian factory

Form part of company’s cost-saving plan ‘Step Up’

Company saw its stock price sink after results were published

Company due to post Q2 2024 results this week

Another round of job cuts approaches

Employees protesting against labor conditions and the company's contract with the Israeli government and military

Following shut down of Just Walk Out system at stores

The job cuts could reach tens of thousands

Chip designer cuts chunk of its workforce

Jobs are set to be lost later this year

Around 750 jobs set to be lost

Cuts are part of the firm's T25 strategic plan

11,000 employees set to lose jobs

As part of drastic cost cutting effort

Up to 20 percent of staff could be cut as part of the major shake-up

The jobs have been cut in the Bay Area

Previous CEO said the Sprint merger would create more jobs

Amid $34 billion Red Hat acquisition

The exact figure of how many employees have lost their jobs globally has not been released

The company is planning to shed 10 percent of its salesforce

Axes three percent of the workforce

Desktops are out and cloud, IoT and gate arrays are the future, CEO Krzanich says