Intel CEO alludes to layoffs as tech giant loses $821 million in Q1 [Yahoo! Finance]
Cadence Design Systems, Inc. (CDNS)
Last cadence design systems, inc. earnings: 4/20 04:05 pm
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Source: Yahoo! Finance
announce specific layoff numbers in a quarterly earnings report on April 24 or in a message from its new CEO. Media reports in recent days have suggested Intel could lay off more than 20% of its workforce, which numbered about 109,000 employees at the end of last year, including 12,000 in and around Chandler. The semiconductor giant lost $18.8 billion in 2024 amid a flagging performance. Intel posted a loss of $821 million in the quarter ending March 31, 2025, on revenue of $12.7 billion. That widened from a loss of $437 million, also on $12.7 billion in revenue, during the same stretch in 2024. New CEO Lip-Bu Tan stressed the need to revamp Intel's culture. "We are seen as too slow, too complex and too set in our ways — and we need to change," he wrote in the message emailed to all employees and posted on the company's website. Will Intel survive to 2030?: We answer your biggest questions on factory delays, CHIPS Act The new CEO promised bold action but alluded to job red
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CDNS
Earnings
- 10/27/25 - Beat
CDNS
Sec Filings
- 12/18/25 - Form 4
- 12/16/25 - Form 144
- 12/12/25 - Form 4
- CDNS's page on the SEC website