Intel announced plans to lay off approximately 24,000 employees as part of a restructuring initiative to enhance efficiency under CEO Lip-Bu Tan. By the end of 2024, the workforce count will decrease from 99,500 core employees to 75,000. The company has canceled plans for new chip factories in Germany and Poland, impacting job creation. In Costa Rica, activities are shifted to Vietnam, although 2,000 engineering employees will remain. Factory construction in Ohio is delayed, with future investments contingent on market demand.
Intel announced it will lay off approximately 24,000 employees this year, marking a major restructuring to improve efficiency led by CEO Lip-Bu Tan.
The company aims to reduce its core workforce from 99,500 to 75,000 by the end of the year, a reduction of about a quarter.
In Germany and Poland, plans for new chip factories are canceled, impacting potential job creation in these countries.
Intel will delay factory construction in Ohio, continuing investment only if market demand justifies it, reflecting a shift towards demand-driven strategies.
Collection
[
|
...
]