Intel’s Radical Overhaul: Gelsinger Singh’s Blueprint for a ‘Reinvented’ Tech Giant Through Layoffs, Layer Cuts, and Office Mandates

April 25, 2025 – Intel Corporation CEO Gelsinger Singh (Chen Liewu) unveiled an aggressive overhaul strategy today, just five weeks into his tenure, aimed at revitalizing the chip giant through sweeping workforce reductions, organizational restructuring, and product line pruning. While declining to specify exact headcount cuts, the company confirmed layoffs will commence in Q2 2025…

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Seagate Completes Acquisition of Upstream Supplier Intevac, Strengthening HDD Position

April 3, 2025 – Seagate, a leading manufacturer of hard disk drives (HDDs), has announced the completion of its acquisition of Intevac, a supplier of upstream equipment, on March 31st, local time. The deal, valued at approximately 109million,wasfinalizedatapriceof4 per share as offered by Seagate. Intevac specializes in the manufacturing, sales, maintenance, and upgrading of thin-film…

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