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Intel to cut 15% of workers as chipmaker grapples with manufacturing challenges
UNITED STATES, JUL 25 – Intel plans to reduce its workforce to about 75,000 by year-end and halt key factory projects in Europe and the US to better match chip production with market demand.
- On Thursday, Intel announced eliminating more than 15,000 jobs, workforce stood at 96,400 at the end of June.
- Competition from Nvidia and AMD weakened Intel, prompting restructuring as underperformance in AI chips and PC semiconductors gained ground.
- CFO David Zinsner said management layers were halved, and $1.9 billion in restructuring costs were incurred.
- By year-end, Intel will reduce headcount and reshuffle factories, as staff will fall to about 75,000, and Intel will consolidate packaging and halt factory builds in Ohio, Poland and Germany.
- Intel forecasts about $17 billion in savings and may exit advanced manufacturing without external 14A customers.
224 Articles
224 Articles
Intel technology announced this Friday that it will fire 15% of its workforce and cancel its expansion to Europe, where it planned to invest several AI chip projects.According to the company, the reduction of personnel is aimed at creating a faster and more agile organization, as stated in its second quarter results report.The change of strategy is one of the first important decisions taken by its new executive director, Lip-Bu Tan, according to…
Intel Pulls Back on European Manufacturing, Leaving EU’s Chip Future in Doubt
Intel has scrapped plans to build two major semiconductor facilities in Europe, halting a €30 billion factory in Germany and a test and assembly site in Poland—moves officially announced in the company’s Q2 2025 financial filings. The company cited unsustainable costs, unsuccessful subsidy negotiations with the German government, and its push to consolidate operations in […]
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