Intel Will Lay Off 15% to 20% of Its Factory Workers, Memo Says
OREGON, JUN 16 – Intel plans to cut 15-20% of its factory workforce, potentially eliminating over 10,000 jobs worldwide to address financial challenges and sharpen focus on AI and manufacturing.
- Intel revealed plans to reduce its global factory workforce by approximately 15% to 20%, starting in July 2025, impacting several thousand employees.
- The layoffs follow ongoing financial struggles, including flat revenue and an $887 million loss reported in Q1 2025, prompting cost-cutting actions.
- Vice President Naga Chandrasekaran said the reductions will focus on portfolio changes, position eliminations, skill assessments, and project investment cuts.
- Intel employs roughly 109,000 people worldwide, with about half involved in production; its shares rose 3% to $20.74 amid layoff news.
- The layoffs aim to remove organizational complexity, empower engineers, and position Intel to compete more effectively in the chip market under CEO Lip-Bu Tan.
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Leaning Left2Leaning Right4Center9Last UpdatedBias Distribution60% Center
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- 60% of the sources are Center
60% Center
13%
C 60%
R 27%
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