From Daily Mail: A faltering American tech icon is set to lay off as much as a fifth of its workers next month.
Intel — once the dominant chipmaker which powered most PCs — sent an email to employees on Saturday, warning that job cuts are coming to its factories.
Naga Chandrasekaran, the tech giant’s vice president of manufacturing, said the company is aiming to slash 15 to 20 percent of its factory workforce in July, a move that could push thousands of Americans into job searches.
With Intel employing 109,000 globally, that would mean 16,350 to 21,800 layoffs.
“These are difficult actions but essential to meet our affordability challenges and current financial position of the company,” Chandrasekaran said in the memo.
🖥️ Intel to lay off up to 20% of factory workforce, cutting 10,000 jobs worldwide in one of the largest workforce reductions in the company’s history pic.twitter.com/wLYoFSzoRP
— DailyJobCuts . com – Layoffs / Job / Economy News (@dailyjobcuts) June 17, 2025
The upcoming $INTC Intel layoffs are heavily fab-related.
I’ve seen comments like oh they will easily get a job at other top companies like NVIDIA, AMD, Apple….
Umm that’s a bit unlikely, those companies are largely fabless and hire for a very different talent profile…… pic.twitter.com/FuNZLaKMus
— Amanda Goodall (@thejobchick) June 17, 2025
The information listed is from DailyMail.
