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Intel reportedly plans to lay off up to 20 percent of factory workers.
In a memo seen by The Oregonian, Intel manufacturing Vice President Naga Chandrasekara tells workers that the company could cut between 15 and 20 percent of workers in its Foundry division. “These are difficult actions but essential to meet our affordability challenges and current financial position of the company,
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Intel to slash factory jobs in new round of layoffs starting July, more cuts likely to followIntel is preparing to implement significant job cuts at its manufacturing sites beginning mid-July, marking its first major ...
Intel is reportedly preparing to downsize its workforce starting in mid-July, signalling the first major organisational shift under its new CEO, Lip-Bu Tan. The decision, shared internally with ...
The tech industry continues to face significant job cuts in 2025, with over 62,000 employees laid off in the first five ...
That means it is currently unknown if Bloomberg’s 20% figure was correct. Fast Company has reached out to Intel for comment on the number of upcoming layoffs. What Tan did confirm is that the ...
Intel had over 120,000 employees after its 2022 layoffs, and its 2024 layoffs brought that total down to 108,900, but the company may downsize again. Bloomberg’s single “person with knowledge ...
Layoffs in the tech sector have scaled back so far in 2025, for the second year in a row, with Intel and Microsoft reporting ...
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