- Intel would have planned to reduce 15 to 20% of factory workers next month
- News arrive as Intel reveals that Yoy’s revenues are flat, QOQ revenues could drop
- LIP-BU TAN wants to rationalize the labor market
Intel plans to fire around 15 to 20% of its factory staff, as it seeks to increase income and manage market conditions constantly evolving
A report of Oregonlive The affirmations of the cost reduction effort, which should start in mid-July 2025, will mainly affect Intel Foundry, one of its main commercial divisions.
“These are difficult but essential actions to meet our challenges of affordability and our current financial situation of the company. It leads to pain in each individual,” said manufacturer vice-president Naga Chandrasekaran shared in a memo with employees during the weekend.
Intel set for even more layoffs
The news occurs while Intel continues to fight with its financial performance – the income remained stable from one year to the next during its first quarter of 2025, with forecasts for the second quarter income suggesting a quarter -to -one quarter.
The company has already made significant discounts to its workforce, in particular the termination of the contract of 15,000 in August 2024.
It is believed that no voluntary redemption will be offered this time, with Intel by based layoffs on project priorities, performance and skills assessments. Faculty factories of chips and workers in highly qualified roles could be among those less likely to be assigned.
“We adopt a disciplined and cautious approach to support continuous investments in our main products and foundry companies while maximizing operational cost savings and the effectiveness of the capital,” said financial director David Zinsner in the version of the company’s first quarter.
In addition to saving money, the Intel approach for layoffs also focuses on the rationalization of labor and the abolition of ineffectiveness by eliminating certain areas of intermediate management-something that the new CEO LIP-BU TAN is committed to doing while it transforms the company into a profitable company.
Techradar Pro contacted Intel to confirm its plans, but the company did not respond immediately.
