Intel announced that it would lay off more than 15% of its staff, or 15,000 employees, in a memo to employees on Thursday. Intel CEO Pat Gelsinger said in a memo to employees that “our costs are too high, and our margins are too low. We need bolder actions to address both." Also, it will broadly offer applications for a “voluntary departure” program next week.
Intel announced that it would lay off more than 15% of its staff, or 15,000 employees, in a memo to employees on Thursday. Intel CEO Pat Gelsinger said in a memo to employees that “our costs are too high, and our margins are too low. We need bolder actions to address both." Also, it will broadly offer applications for a “voluntary departure” program next week.