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Intel is set to begin a new round of layoffs next month. The semiconductor giant plans to lay off 15% to 20% of workers in its Intel Foundry division starting in July. This news comes as Intel’s CEO, Lip-Bu Tan, aims to refocus the company on its core business units and return to being an engineering-first company.
Impact of Layoffs on Intel’s Workforce
It remains uncertain how many workers will be directly impacted by these layoffs. Intel’s total workforce stood at 108,900 people as of December 2024, according to the company’s annual regulatory filing. This move follows a previous layoff of 15% of its staff, around 15,000 employees, last August.
Moving Forward
With the tech industry constantly evolving, it’s important for companies like Intel to adapt and streamline their operations to remain competitive. As Intel makes these strategic decisions, it will be interesting to see how they continue to innovate and drive growth in the semiconductor market.
