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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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India TV News broke the news in India on Sunday, June 15, 2025.
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