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flag Intel announces significant workforce cuts and operational shifts amid a $2.9 billion loss.

flag Intel, under new CEO Lip-Bu Tan, is cutting its workforce by 22%, aiming for 75,000 employees by year-end, down from 99,500. flag The company also plans to scale back projects in Germany and Poland and move Costa Rican operations to Vietnam and Malaysia. flag Intel reported a Q2 loss of $2.9 billion, with flat revenue of $12.9 billion. flag The company aims to focus on core products and AI to improve competitiveness, especially against rivals like Nvidia.

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