Intel Layoffs 2024: Intel has announced a major reduction in its workforce, laying off over 15,000 employees. This is one of the largest job cuts in the company’s history and highlights ongoing challenges in the tech industry. The layoffs are part of Intel’s plan to realign its strategy and adapt to changing market conditions.
Pat Gelsinger announced that the company aims to save $10 billion by 2025, which will lead to a 15% reduction in the workforce. Next week, Intel will introduce a new retirement plan for eligible employees and launch a program that allows employees to apply for voluntary departure
Further, He said, “These decisions have been the most challenging of my career. I promise that in the coming weeks and months, we will focus on fostering a culture of honesty, transparency, and respect”.
Facing Challenges Together: Committed to Honesty and Respect Through Change.
Pat Gelsinger announced that the company aims to save $10 billion by 2025, which will lead to a 15% reduction in the workforce. Next week, Intel will introduce a new retirement plan for eligible employees and launch a program that allows employees to apply for voluntary departure
Further, He said, “These decisions have been the most challenging of my career. I promise that in the coming weeks and months, we will focus on fostering a culture of honesty, transparency, and respect”.
Facing Challenges Together: Committed to Honesty and Respect Through Change.