Archive · 19 Jun 2025
Intel to Lay Off Over 10,000 Employees in July
Intel, a company that makes computer chips, is planning to cut over 10,000 jobs in July.
This is happening as they try to save money and restructure the company.
The cuts will mostly affect their factories.
Unlike previous layoffs, employees won't be offered early retirement or extra money to leave.
The new boss, Lip-Bu Tan, wants to streamline the company.
Intel is also dealing with competition in the AI field and has faced delays in receiving government funding.
Intel plans to lay off over 10,000 employees in July.
The layoffs will affect 15% to 20% of the Foundry workforce.
Positions affected range from factory floor technicians to researchers.
Unlike previous rounds, Intel is not offering voluntary buyouts.
This restructuring is part of a broader cost-cutting initiative under CEO Lip-Bu Tan.
- Who
- Intel employees, particularly in the foundry operations.
- What
- Intel is laying off over 10,000 employees.
- When
- The layoffs are planned for July.
- Where
- Across 15 wafer fabrication plants in 10 global locations.
- Why
- To reduce costs and restructure the company.
Intel's Perspective
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Financial Health
Intel's Perspective
Restructuring is essential to meet affordability challenges.
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- Affected Employees
- Over 10,000
- Percentage of Foundry Workforce
- 15% to 20%
- Affected Areas
- 15 wafer fabrication plants in 10 global locations
- CEO
- Lip-Bu Tan
- Previous Layoffs
- August 2024 (15,000)