The US-based chipmaker plans to deliver $10 billion in cost savings in 2025, and this includes reducing its head count by 15%.
US-based chipmaker Intel is set to cut 15 000 jobs, or 15% of its workforce, as it plans to reduce costs by $10 billion by 2025.“We plan to deliver $10 billion in cost savings in 2025, and this includes reducing our head count by roughly 15 000 roles, or 15% of our workforce. The majority of these actions will be completed by the end of this year,” he says.reports that the company currently employs over 125 000 workers, meaning the job cuts may impact as many as 19 000 employees.
Retrenchments are ongoing in 2024, with several companies across the globe introducing a second or third round of terminations, according to layoffs tracker “Simply put, we must align our cost structure with our new operating model and fundamentally change the way we operate.” “These decisions have challenged me to my core, and this is the hardest thing I’ve done in my career. My pledge to you is that we will prioritise a culture of honesty, transparency and respect in the weeks and months to come.”
Job Cuts Pat Gelsinger David Zinsner Intel Job Cuts AMD Central Processing Units Cpus
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