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.
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.