Home Business Intel Cuts 15,000 Jobs Amid Efforts to Save $10 Billion by 2025

Intel Cuts 15,000 Jobs Amid Efforts to Save $10 Billion by 2025

by Sonia Park
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Intel Cuts 15,000 Jobs Amid Efforts to Save $10 Billion by 2025

Intel has announced a significant workforce reduction, cutting 15,000 jobs, or approximately 15% of its global workforce. The decision, revealed by CEO Pat Gelsinger in a note to employees on Thursday, is part of the company's broader strategy to save $10 billion by 2025 following disappointing second-quarter financial results.

https://youtu.be/rVQW3ReWOn8

In his note, Gelsinger acknowledged the gravity of the decision, stating, "This is an incredibly hard day for Intel as we are making some of the most consequential changes in our company's history." He emphasized that the. . .

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