Intel Workforce Reduction

News

Intel to lay off 22% of workforce

Computerworld · 1d

Intel to lay off 22% of workforce as CEO Tan signals ‘no more blank checks’

The chipmaker plans to reduce headcount from 96,400 to 75,000 employees amid restructuring and steeper Q3 losses.

Seeking Alpha on MSN · 1d

Intel sees 15% workforce reduction as CEO Tan plans revival

Intel (NASDAQ:INTC) is planning to cut 15% jobs and plans to end the year with a global headcount of ~75,000 as a part of sweeping restructuring under new CEO Lip-Bu Tan. A significant workforce reduction has already been finished in Q2 and is a part of Tan's efforts to revive the venerable American chipmaker since he took over in March.

USA Today · 1d

'No more blank checks': Intel looks committed to Arizona, even as it retreats elsewhere

Despite layoffs, Intel appears to remain committed to its ongoing site expansion in Arizona as it retreats from other planned projects.

Intel cuts back spending, workforce

The Associated Press on MSN · 1d

Intel cuts back spending, workforce as struggling chip maker mounts comeback

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the fortunes of the struggling chipmaker that helped launch Silicon Valley but has fallen behind rivals like Nvidia Corp. and Advanced Micro Devices Inc.

Shacknews · 2d

Intel (INTC) plans to cut 15% of its core workforce by the end of 2025

The layoffs were confirmed in Intel’s official press release for Q2 2025. In it, Intel says that the layoffs will make the company “flatter” and “agile.” By the end of 2025, Intel expects to have around 75,000 employees.

TechStory · 1d

Intel to Cut 25,000 Jobs as Workforce Shrinks Amid Cost-Cutting and Restructuring

Intel announces major workforce reduction with plans to cut 25,000 jobs by the end of 2025 amid restructuring efforts to improve efficiency and address financial challenges.

2don MSN

Intel says a fifth of its workforce will be gone by year’s end

A prominent investment analyst warned Intel may be cutting too deep, eliminating "pivotal" resources in the name of ...

KTAR16h

Intel CEO unveils drastic workforce reductions by year-end amid turnaround plan

Intel Corp. will have cut 25% of its global workforce by the end of the year as the California-based company’s top executive continues efforts to turn around operations and reduce expenses.

2don MSN

Intel announces it will lay off about 15% of its total workforce by year’s end

During its second quarter earnings call on Thursday, Intel announced it intended to layoff about 15% of its workforce by the end of 2025.

Read: Intel’s internal note to customers on spinning off its networking division

Intel plans to spin off its NEX unit into a new company; read the full memo sent to customers by Sachin Katti.

Intel Workforce Reduction Grows to 25,000 Amid Turnaround Efforts

Intel reveals it will shed 24,000 employees this year and retreat in Germany, Poland, and Costa Rica $INTC ...

Intel (INTC) Stock Trades Down, Here Is Why

Shares of computer processor maker Intel (NASDAQ:INTC) fell 9.6% in the afternoon session after the company reported an ...

Intel layoffs: Chipmaker cuts 15% of its workforce, scraps multibillion-dollar chip expansion plans

Intel has completed a 15% workforce reduction, a decision made by new CEO Lip-Bu Tan since his appointment in March. Tan ...

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