Intel is all set to reduce its global headcount to about 75,000 by the end of the year. It is pertinent to mention here that the chipmaker had a workforce strength of about 99,500 at the end of 2024.
As per the company’s plans, it is preparing to consolidate its Costa Rican operations into various larger plants in Vietnam. It has also decided to cancel the investments it had once planned in facilities in Germany and Poland.
Lip-Bu Tan, CEO, Intel now seeks to focus on demand driven manufacturing, which means operations will be scaled only if customers wish for the same.
While Intel’s revenue remained steady at about?$12.9?billion, which was more than was expected, its net loss was about $2.9?billion
When Intel had announced last month that in July 2025 it would begin cutting jobs with an aim to restructure and ensure streamlined operations at its factories, the number of cuts wasn’t expected to be this high. It had planned to lay off 15 to 20 per cent of its foundry workers, which was expected to affect over 10,000 employees globally, which is about a tenth of its global manufacturing team.
The layoff exercise had started at the company with job cuts beginning on 15 July, at its Aloha and Hillsboro facilities, in Oregon. While 500 permanent roles were estimated to be cut at Oregon, the figure was reportedly revised to over 2,300.
It is reported that in California, Intel has doubled the number of job cuts to about 1,935, while in Arizona the figure may go up to 696.
