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Intel to lay off up to 20% of Intel Foundry workers
Rumors of these layoffs began back in April as Intel looks to refocus on its core business units and shed additional bloat.
The semiconductor giant plans to lay off 15% to 20% of workers in its Intel Foundry division starting in July, according to an internal memo originally reported on by The Oregonian. Intel Foundry designs, manufactures, and packages semiconductors for external clients. Intel’s total workforce was 108,900 people as of December 2024, according to the company’s annual regulatory filing.
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