While an exact timeline for the layoffs was not laid out, the company said it expects to complete the 15% reduction by the end of the year. The job cuts are set to impact about 18,720 workers.

Intel plans to cut 15%-20 % of its global fab network workforce — between 8,170 and 10,890 employees — to reduce costs, but this risks operational agility and potentially jeopardizes federal ...

In a letter to employees on Thursday, the chipmaker’s new CEO Lip-Bu Tan wrote that critical changes are coming that will reduce the size of Intel’s workforce. “Our competitors are lean ...

Intel is reportedly preparing to slash up to 20% of its factory workforce next month, a sweeping round of job cuts that will impact a key department.

intel; layoffs; Intel to cut as many as 10,000 factory jobs, one of its largest-ever layoffs Massive layoffs hit foundry workforce in major restructuring By Skye Jacobs June 18, 2025, 7:02 16 comments ...

Media reports in recent days have suggested Intel could lay off more than 20% of its workforce, which numbered about 109,000 employees at the end of last year, including 12,000 in and around Chandler.

(KRON) — Intel Corporation will be laying off dozens of Bay Area employees, according to a state filing. The chip manufacturer announced plans last month to lay off 15 percent of its global ...

Intel is set to implement significant layoffs, impacting 15% to 20% of its Intel Foundry workforce starting in July, potentially affecting over 10,000 employees globally. This move is part of CEO ...

Intel will begin a new round of layoffs next month. The semiconductor giant plans to lay off 15% to 20% of workers in its Intel Foundry division starting in July, according to an internal memo ...

Intel turns to layoffs as it looks to slash expenses A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California. · Manufacturing Dive · Justin Sullivan via ...

Intel Cuts Outlook, Says Layoffs Are in Store. Share. Resize. Listen (2 min) Advertisement. ... Intel’s stock plunged 60% in 2024 and the company ousted its CEO.