Intel expects work force to shrink by 25,000
undefined 29, 2025
Intel plans to cut over 25,000 jobs by the end of 2025, reducing its workforce from nearly 109,000 to 75,000 as part of a major restructuring. The company is halting factory projects in Germany and Poland, slowing construction in Ohio, and consolidating operations in Asia. Intel posted a \$2.9B Q2 loss amid weak demand and restructuring costs. New CEO Lip-Bu Tan aims to boost efficiency and compete in AI and chipmaking after years of missteps and underperformance.
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