Intel Layoffs July 2024. Intel reduced its workforce by around 5% in 2023 to 124,800, having begun job cuts in october 2022. Intel is looking to eliminate thousands of jobs as a way to cut costs and fund plans to recover from market share loss and reduced earnings, bloomberg reported tuesday.

Intel, the silicon valley chip maker, said on thursday that it would slash more than 15,000 jobs to aid a turnaround plan, as the company tries to recover after a series of stumbles. According to an official document submitted by.