Intel is set to lay off between 15 and 20 percent of its factory workforce in July 2025, marking the first major workforce reduction since the new CEO's appointment in March. Despite profits in certain divisions, a recent $1.6 billion loss prompted this strategic move aimed at streamlining operations and enhancing efficiency. The layoffs are expected to impact thousands globally, particularly in core factory roles. An internal memo assures employees will be treated with respect during this transition, aligning the company better with emerging trends, especially in artificial intelligence.
The reorganization is necessary to keep costs manageable and improve efficiency during these challenging times for Intel due to increasing competition.
Intel is seeking to streamline operations and cut costs amid significant losses and intense competition in the PC and data center markets.
Layoffs will commence mid-July and affect between 15 to 20 percent of the factory workforce, focusing mainly on core factory personnel.
The upcoming layoffs will be the first major workforce reduction since the new CEO took office, signaling a shift in Intel's operational strategy.
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