Intel is laying off over 15,000 employees and will stop ‘non-essential work’

Category: Business

Intel is implementing significant cost-saving measures, including a reduction of approximately 15,000 roles, to align its cost structure with a new operating model. The company aims to achieve $10 billion in savings by 2025, while also simplifying operations and maintaining growth investments in technology. The changes are necessary to address financial challenges and improve efficiency, with a focus on transparency and respect during the transition.

Keywords: Intel, cost savings, workforce reduction

Source: The Verge

Update At: 8/2/2024

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