Intel, CEO Tan
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More layoffs are coming at Intel, the latest Big Tech company to make big cuts in its staff. The American chip giant on Thursday afternoon said in a letter from CEO Lip-Bu Tan, published online in concert with the company's latest financial results,
Intel said Thursday it has mostly completed plans it announced last quarter to cut 15% of its workforce, as the struggling chipmaker attempts a turnaround.
Intel has announced another major round of layoffs. The company now expects to end 2025 with approximately 75,000 core employees — a reduction of about 24,000 jobs.According to The Verge, which cited Intel’s recent earnings call,
Unlike previous Intel layoffs, which offered severance or buyouts, the 2025 job cuts provide no such safety net.
Intel is shuttering its automotive architecture business and laying off most of its staff as part of a broader restructuring at the chipmaker.
Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the struggling chipmaker's fortunes.