Intel to lay off 22% of workforce
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Santa Clara-based chipmaker Intel plans to lay off tens of thousands of more employees by the end of the year and introduce a mandatory return-to-office, its CEO announced. In a letter to all company employees posted Thursday,
Intel has said that it has completed the majority of the layoffs it announced earlier this year which will reduce its global workforce by around 15%.
Intel is continuing to (aggressively) cut its workforce, with plans to cull 30% of its global workforce down from 90,000 to 75,000.
9hon MSN
The S&P 500 added 0.4% on Friday, July 25, 2025, completing a sweep of the trading week with a fifth consecutive all-time closing high.
Faced with slumping quarterly sales and a burgeoning loss, Intel shareholders will want to know new CEO Lip Bu-Tan's plans for the chipmaker's nascent contract manufacturing business.
Intel is shuttering its automotive architecture business and laying off most of its staff as part of a broader restructuring at the chipmaker.
Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the struggling chipmaker’s fortunes