• Intel, after laying off 15,000 employees and cutting various employee benefits such as internet, phone, and travel reimbursements, has decided to bring back free coffee and tea to its offices in an effort to improve employee morale.
• The company acknowledges that these small comforts play a significant role in daily routines and hopes this step will support its workplace culture, despite ongoing cost challenges.
• Intel's struggles in recent years have been attributed to its failure to capitalize on the growth of mobile chips and its missed opportunities, such as passing on a deal to design and manufacture chips for the iPhone and declining an investment in OpenAI, which has become a leader in artificial intelligence.