Bloomberg reported 20 percent job cuts were coming this week, but Intel’s Q1 2025 earnings release isn’t saying that. Intel is “taking actions” that include “streamlining the organization, eliminating management layers and enabling faster decision-making,

Intel is reportedly preparing to further reduce its headcount, this time by laying off more than 20 percent of its employees. It could announce a plan to do so as soon as this week. The struggling company had 108,

The cutbacks follow an effort last year to slash about 15,000 jobs — a round of layoffs announced in August. Intel had 108,900 employees at the end of 2024, down from 124,800 the previous year.

The American chip-making giant’s stock fell after it said an overhaul is under way and that macro conditions would prove challenging.

Another big American employer expects to see more of its people around the office—and fewer people in total. New Intel (INTC) CEO Lip-Bu Tan late Thursday said in a letter to employees—and published online—that hybrid employees should be on-site at least four days a week by Sept.