Intel plans to slash over 25,000 jobs by the end of 2025, reducing its workforce from 108,900 to about 75,000 amid restructuring challenges. The company reported a Q2 net loss of $2.9 billion and aims to cut annual operating expenses from $17.5 billion to $16 billion by 2026. CEO Lip-Bu Tan emphasized the need for efficiency, stating, “We are making hard but necessary decisions.” Intel is also halting new factory plans in Germany and Poland, impacting its global operations.