Intel will start a brand new spherical of layoffs subsequent month.
The semiconductor large plans to put off 15% to twenty% of staff in its Intel Foundry division beginning in July, in keeping with an inner memo initially reported on by The Oregonian. Intel Foundry designs, manufactures, and packages semiconductors for exterior shoppers.
It’s unclear what number of staff this may immediately influence. Intel’s complete workforce was 108,900 folks as of December 2024, in keeping with the corporate’s annual regulatory submitting.
TechCrunch reached out to Intel for extra data.
This information isn’t a selected shock. Since Intel’s CEO Lip-Bu Tan took the helm in March, he’s indicated a number of occasions that the corporate must refocus on its core enterprise items, flatten its group construction, and return to being an engineering-first firm. Rumors of those particular layoffs started swirling in April.
Tan additionally advised Intel’s clients it could spin off its noncore items on the firm’s Intel Vision convention in March.
Intel laid off 15% of its workers, round 15,000 staff, final August.
