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 ...

(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 ...

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.

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 ...

That impact has been seen in the business' margins. ... Intel 18A, Layoffs, and The Future. Intel is planning to lay off 20% of its employees, more than 20k employees.