Intel: 24,000 jobs cut
Intel has announced plans to lay off 24,000 employees as part of a significant restructuring effort. The company aims to streamline operations and has cited overinvestment in new factories without sufficient demand as a key reason for the cuts. This reduction represents approximately 22% of its workforce, which totaled 109,800 at the end of 2024.
Conservative
0
Core Estimate
18,000
Upper Bound
24,000
Sources
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