Archive · 21 Jun 2025
Intel to Cut Over 10,000 Jobs Without Severance Packages
Intel, a big computer chip maker, is cutting over 10,000 jobs to save money.
The company is losing money and facing tough competition.
The job cuts will happen next month and won't include any extra pay for those leaving.
These cuts will affect workers in many countries, from factory workers to engineers.
Intel is also facing delays in getting money from the government and has fallen behind in making the newest chips.
The CEO is trying to make the company more efficient by getting more done with fewer people, which is why the layoffs are happening.
Intel to lay off over 10,000 employees from its Foundry division.
The layoffs will affect 15-20% of the workforce across 10 international locations.
Affected roles range from factory technicians to research engineers.
The cuts are due to financial losses, market competition, and restructuring.
Layoffs will occur without severance packages due to the company's financial position.
- Who
- Over 10,000 employees, or 15-20% of the Intel Foundry workforce.
- What
- Intel is laying off over 10,000 employees in its Foundry division.
- When
- Layoffs will begin next month (as of the publication date of the articles).
- Where
- 10 international locations, including the United States, Ireland, Israel, and Malaysia.
- Why
- Due to financial losses, market competition, and broader restructuring.
Affected Employees
Intel Management
Severance Packages
Affected Employees
Employees face job loss with no severance, causing hardship.
Intel Management
Intel states these actions are essential to meet affordability challenges and factory operation impacts.
- Company
- Intel
- Division Affected
- Foundry
- Number of Layoffs
- Over 10,000 employees
- Percentage of Workforce
- 15-20%
- Severance
- None
- CEO
- Lip-Bu Tan