Intel has plans to lay off 4% of its workforce, significantly less than a prior estimate of 20%. The company aims to streamline its operations by eliminating management layers, particularly in R&D, marketing, and administrative divisions. No information on specific roles affected or compensation packages has been disclosed. The layoffs, which come after major cuts last year, reflect ongoing financial struggles, although the company maintains its status as a crucial employer in Ireland, with significant investments in local facilities.
Intel has notified the government of layoffs affecting 4% of its workforce, significantly less than the previously rumored 20%, after announcing it would streamline operations.
The company aims to cut costs by eliminating management layers, particularly in R&D, marketing, and administrative divisions, amid ongoing struggles in the chip market.
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