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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. Intel Corp. Layoffs: Downsizing related discussion, postings, questions and answers. The latest job cuts come after Intel already let go of 15,000 workers earlier this year. The company is now expanding the layoffs beyond its earlier estimate of 4,000 jobs. Intel is set to lay off over 10,000 employees, impacting 15% to 20% of its Foundry workforce. This move, part of a larger restructuring strategy initiated by new CEO Lip-Bu Tan, aims to address financial challenges and reduce costs. , Companies, Times Now
