Intel Postpones September Innovation Event Amid Ongoing Turmoil. Things are not going well for Intel at the moment. The company is currently in the throes of a PR and customer satisfaction nightmare with the Raptor Lake instability fiasco and just announced it was laying off 15% of its workforce as it seeks to restructure its business to be more competitive.
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One of its new goals is to save $10 billion in costs by 2025, and as a precursor to painful cuts ahead, it has announced it's postponing its upcoming Innovation event in September. 

 Intel, the leading chipmaker, has decided to postpone its annual "Innovation" event, which was originally scheduled for September. The decision comes as Intel faces various challenges, including a PR and customer satisfaction crisis related to the Raptor Lake instability issue and a recent announcement of layoffs amounting to 15% of its workforce as part of a restructuring effort to enhance competitiveness