Intel Reportedly Begins New Round of Layoffs
GLOBAL (INCLUDING OREGON, ISRAEL, CALIFORNIA, IRELAND), JUL 7 – Intel plans to cut 15% to 20% of manufacturing jobs globally and close its automotive division amid $19 billion losses and rising competition, CEO Lip-Bu Tan said.
- Intel began laying off 529 employees at its Hillsboro and Aloha campuses starting July 15, 2025.
- The layoffs follow CEO Lip-Bu Tan's April announcement to cut 15% to 20% of the workforce amid ongoing technical setbacks and falling sales.
- Intel attributes the cuts to high costs, low margins, organizational complexity, and a need to become leaner and more efficient.
- Intel emphasized that their decisions are carefully made to prepare the company for what lies ahead, and they are committed to handling the process with respect and care for employees.
- The layoffs, alongside planned shutdowns and outsourcing, aim to restructure Intel for competitiveness despite a $19 billion loss in fiscal 2024 and intensified market challenges.
Insights by Ground AI
Does this summary seem wrong?
32 Articles
32 Articles
All
Left
4
Center
10
Right
1
Intel to lay off over 500 employees in Oregon as part of massive restructuring: Report
Intel will lay off 529 employees at its Oregon facilities starting July 15 as part of a sweeping global restructuring under new CEO Lip-Bu Tan, as part of broader cost-cutting plan.
·New Delhi, India
Read Full ArticleCoverage Details
Total News Sources32
Leaning Left4Leaning Right1Center10Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 27%
C 67%
Factuality
To view factuality data please Upgrade to Premium