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Fortune Tech: Extortion

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Intel layoffs, Apple and Meta fines, IBM's DOGE haircut. Plus: Amazon, Bluesky, Discord, Google, Lyft, X in the latest edition of Fortune's flagship tech newsletter.
Intel is reportedly planning to cut staff in order to focus on its core business, according to sources familiar with the matter. The company aims to streamline operations and concentrate on its most profitable and strategic areas, which include the development and production of semiconductors for data centers, artificial intelligence, and other high-growth sectors. This move is part of Intel's broader strategy to enhance competitiveness and efficiency amid intense market pressures and rapid technological advancements. The exact number of job cuts and the specific divisions affected have not been disclosed, but the decision reflects Intel's commitment to prioritizing its core competencies in the face of evolving industry demands.

Read the Full Fortune Article at:
[ https://fortune.com/2025/04/24/intel-will-reportedly-cut-staff-to-focus-on-the-core-whats-the-core/ ]