Archive · 25 Jul 2025
Intel to Cut Jobs and Halt Projects Amid Restructuring
Intel, a big computer chip maker, is making some big changes.
They're letting go of around 24,000 employees in 2025, about a quarter of their workers.
They're also stopping work on some giant factory projects in Europe.
Instead, they're moving their work from Costa Rica to Vietnam.
The new boss, Lip-Bu Tan, is trying to make Intel more efficient.
This means they will only build what customers actually need.
These changes will cost Intel a lot of money, and the company is still losing money, even though it made billions in sales.
Intel will cut nearly 24,000 jobs in 2025, approximately one-fourth of its 2024 workforce.
The company is canceling major factory projects in Germany and Poland.
Intel is shutting down operations in Costa Rica and relocating to Vietnam.
These changes are led by new CEO Lip-Bu Tan, who took over during a challenging time for the company.
The restructuring will cost Intel about $2 billion, and the company reported a $2.9 billion loss this quarter.
- Who
- Intel is the company making these changes, led by CEO Lip-Bu Tan.
- What
- Intel is cutting jobs, canceling factory projects, and restructuring its operations.
- When
- These changes were announced during the second quarter of 2025.
- Where
- Factory projects in Germany and Poland are canceled, Costa Rican operations are closing, and the company is moving to Vietnam.
- Why
- To become smaller and more efficient, as the company has been struggling to keep up with competitors.
- Company
- Intel
- Job Cuts
- Approximately 24,000
- Layoff Year
- 2025
- Restructuring Cost
- $2 billion
- Reported Loss
- $2.9 billion
- Revenue
- $12.9 billion