- According to reports, Intel plans to reduce 15-20% of factory workers next month
- The news arrives when Intel reveals that Yoy’s income is plans, Qoq’s income could fall
- Lip-Bu wants to rationalize the workforce
Intel plans to fire about 15-20% of its factory workforce, since it seems to increase income and treat market conditions constantly
A report from Ogonlive He states that the cost reduction effort, scheduled to begin as soon as mid -July 2025, will mainly affect Intel Foundry, one of its main commercial divisions.
“These are difficult but essential actions to face our challenges of affordableness and the current financial position of the company. Pain continues to each individual,” according to reports, the manufacturing vice president Naga Chandrasekaran shared a note with the employees during the weekend.
Intel established for even more dismissals
The news occurs when Intel continues to fight with his financial performance: the income remained finals year after year during their first quarter of 2025, with predictions for the income of the second quarter that suggests a fall of a quarter of a quarter.
The company has already made significant reductions in its staff, including the completion of 15,000 contracts in August 2024.
It is believed that this time voluntary purchases will not be offered, with Intel based on the dismissals on the priorities of the project, the performance and the skill evaluations. Factories related to advanced chips and workers in highly qualified roles could be among the least prone to be affected.
“We are adopting a disciplined and prudent approach to support continuous investment in our basic products and foundry businesses while maximizing the savings of operating costs and capital efficiency,” said CFO David Zinsner in the launch of profits of the company’s first quarter.
In addition to saving cash, Intel’s approach for layoffs also focuses on rationalizing the workforce and eliminating inefficiencies by eliminating certain areas of average management, something that the new Lip-Bu CEO so promised to do while making the company a profitable business.
Techradar Pro Intel has been contacted to confirm its plans, but the company did not respond immediately.
