At the end of 2024, Intel had 108,900 employees. Now the chipmaking giant is planning to cut over 33,000 jobs to cut the workforce to 75,000 employees by the end of the year.
Intel CEO Lip-Bu Tan, 65, said in a memo to staff on Thursday that Intel is implementing a plan to reduce its workforce by 15%. The layoffs are in addition to the approximately 21,000 roles (about 20% of Intel’s workforce) the company let go from April to June, which mainly focused on cutting down layers of middle management.
Intel previously announced in August that it was laying off 15% of its workforce, or over 15,000 employees, last year.
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