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Intel to layoff 10,000+ employees, and why none of them will be getting any severance
Tech News : Intel is set to implement significant layoffs, impacting 15% to 20% of its Intel Foundry workforce starting in July, potentially affecting over 10,000
The cuts will impact Intel's foundry division across 15 wafer fabrication plants at 10 locations globally, affecting roles ranging from factory floor technicians to researchers developing next-generation microprocessors. The company has also grappled with delays in federal CHIPS Act funding, with much of its promised $7.9 billion subsidy package remaining uncertain under the Trump administration's review of ongoing awards. Key technical roles, including engineers working on advanced process technologies and technicians managing critical lithography equipment, are expected to be largely protected from the cuts, while positions made redundant by automation may face elimination.
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