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Intel Confirms Huge Layoff To Cut Costs And Navigate ‘Tough Days Ahead’

Intel Confirms Huge Layoff To Cut Costs And Navigate ‘Tough Days Ahead’
Intel CEO Pat Gelsinger announced a huge round of layoffs to cut costs and help the company navigate what he referred to as “tough days ahead.” The company plans to deliver $10 billion in cost savings in 2025, which will include cutting about 15,000 roles, or 15% of its global workforce.

The news of the layoffs came in a note to employees

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Author: Tim Sweezy