Intel, Jobs
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A prominent investment analyst warned Intel may be cutting too deep, eliminating "pivotal" resources in the name of short-term profits.
Intel Corp. will have cut 25% of its global workforce by the end of the year as the California-based company’s top executive continues efforts to turn around operations and reduce expenses.
During its second quarter earnings call on Thursday, Intel announced it intended to layoff about 15% of its workforce by the end of 2025.
The layoffs were confirmed in Intel’s official press release for Q2 2025. In it, Intel says that the layoffs will make the company “flatter” and “agile.” By the end of 2025, Intel expects to have around 75,000 employees.
Intel plans to spin off its NEX unit into a new company; read the full memo sent to customers by Sachin Katti.
Intel reveals it will shed 24,000 employees this year and retreat in Germany, Poland, and Costa Rica $INTC pic.twitter.com/tHPHjftT6Y — Markets & Mayhem (@Mayhem4Markets) July 25, 2025
Shares of computer processor maker Intel (NASDAQ:INTC) fell 9.6% in the afternoon session after the company reported an unexpected second-quarter loss and announced significant restructuring plans, including major job cuts.
Intel has completed a 15% workforce reduction, a decision made by new CEO Lip-Bu Tan since his appointment in March. Tan emphasized the need for time to enhance competitive positioning and profitability while creating long-term shareholder value.