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Reading: Intel is laying off over 15,000 employees and will stop ‘non-essential work’
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Dubai News Club > Tech > Intel is laying off over 15,000 employees and will stop ‘non-essential work’
Tech

Intel is laying off over 15,000 employees and will stop ‘non-essential work’

Press Room
Last updated: 2024/08/01
Press Room
Published: August 1, 2024
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Team,

We have moved our All Company Meeting to today, following our earnings call, as we are announcing significant actions to reduce our costs. We plan to deliver $10 billion in cost savings in 2025, and this includes reducing our head count by roughly 15,000 roles, or 15% of our workforce. The majority of these actions will be completed by the end of this year.

This is painful news for me to share. I know it will be even more difficult for you to read. This is an incredibly hard day for…

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