Massive Layoffs At Intel With Tech 15K Jobs Cut, $1.6B Loss After Biden Administration Funding
Intel announced major layoffs on Thursday, cutting 15,000 jobs after a $1.6 billion loss, despite receiving a large amount of funding from the Biden administration. Intel is cutting 15 percent of its workforce, or about 15,000 jobs, as it restructures its business and seeks to better compete with industry leaders such as Nvidia and AMD. […]
Intel cuts whopping 15K jobs, posts $1.6B loss just months after getting Biden funds
Chipmaker Intel is cutting 15% of its vast workforce, or about 15,000 jobs, as it tries to restructure its business to compete with more successful rivals such as Nvidia and AMD. Intel CEO Pat Gelsinger said in a memo to employees on Thursday that the company plans to cut costs by $10 billion in 2025. […]
Intel stock, chipmakers, AI, job cuts
Jason Katz, managing director and senior portfolio manager at UBS, discusses in Varney & Co. whether big tech earnings will boost the stock market. Intel shares plummeted after the company said it would cut about 17,000 jobs and suspend dividend payments as part of a massive cost-cutting plan. The company plans to “resize and refocus” […]
Iran seeks to meddle with Trump campaign, intel officials say
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Tiktok Migrant Who Pushed Home Squatting was in Venezuelan Military Intel Unit
A man who entered the United States illegally and became a TikTok sensation after urging migrants to break into and squatter American homes is believed to be a member of Venezuela’s military intelligence unit, according to a new report. Leonel Moreno, a 27-year-old “influencer,” was arrested by Immigration and Customs Enforcement (ICE) in March after […]
Migrant influencer Leonel Moreno believed to have worked in Venezuela’s military intel: fed source
Federal authorities believe that an immigrant TikTok influencer who has become a social media sensation by encouraging others to live illegally in U.S. homes was a sergeant in Venezuela’s military intelligence unit before entering the country illegally, a federal source told The Washington Post. Leonel Moreno, who made headlines for bragging about the large sums […]
Former CIA analyst charged for acting as secret agent for South Korean intel in exchange for luxury gifts
The Justice Department has charged former CIA analyst and National Security Council official Sue Mi Terry with acting as a covert operative for South Korean intelligence in exchange for luxury gifts. In its indictment, the Justice Department said Terry, 54, received lavish gifts, including handbags, expensive meals at sushi restaurants and $37,000 in funding for […]
U.S. Officials Received Intel of Iranian Plot to Assassinate Donald Trump Before Crooks’ Attempt
US authorities reportedly received intelligence about a possible Iranian plot to kill former President Donald Trump before Saturday’s assassination attempt, and Trump’s security detail was reportedly increased in response. Several people with information about this matter Said CNN reported that while there was awareness of the potential threat (President Trump was under “enhanced security”), there […]
‘POLITICAL ROT’: Report sheds new light on intel officials connected to Hunter Biden laptop scandal
Former Director of National Intelligence John Ratcliffe and former House Intel Committee chair Devin Nunes react to a new report … source
Top Democrat on House Intel Committee calls on Biden to suspend campaign after NATO press conference
Jim Himes, the top Democrat on the House Intelligence Committee, called on President Biden to halt his 2024 reelection campaign shortly after the president concluded his highly anticipated news conference. Biden spoke to reporters at a news conference following the conclusion of the NATO summit in Washington DC on Thursday evening. Biden’s important solo press […]