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Intel plans to cut more than 25,000 jobs as the chipmaker prepares for a major reset, reported The New York Times. The company aims to reduce its workforce to about 75,000 employees by the end of 2025, down from 108,900 at the end of last year. The report says the job cuts will come through a mix of layoffs , attrition, and other actions. Intel has initiated its first round of layoffs under new CEO Lip-Bu Tan, cutting 107 jobs as part of a broader restructuring effort. Intel has confirmed it is laying off more than 5,000 employees across the United States this week, a significant increase from the nearly 4,000 job cuts that were earlier estimated. The revised numbers were revealed in updated filings made under the Worker Adjustment and Retraining Notification (WARN) Act, according to a report by Manufacturing Dive. The largest share of job losses is in Oregon and California. In California, Intel has reportedly doubled its layoff estimates to 1,935 ... Intel , under new CEO Lip-Bu Tan, is implementing significant cost-cutting measures, including slashing approximately 24,000 jobs and abandoning major expansion projects in Germany and Poland. The ...
