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Intel reportedly plans to lay off over 21,000 employees
Intel reportedly plans to lay off over 21,000 employees ahead of its Q1 2025 earnings call, according to a report from Bloomberg.
Intel is set to cut over 21,000 people, or roughly 20% of its workforce, with an announcement due this week, according to a Bloomberg report. With the layoffs, Tan aims to “streamline management and rebuild an engineering-driven culture,” according to Bloomberg. The company had around 108,900 employees at the end of last year after it announced 15,000 job cuts in August 2024.
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