Discover Handpicked Best-Selling Products with Unbeatable Discounts – Only at ChatchDeal!

Intel confirms it will cut a third of its workforce by the end of 2025

Intel provided more detail about the scope of its planned job cuts and other business changes while sharing its second-quarter earnings . Reports in April suggested that Intel could eliminate around of its staff in a restructuring plan. Today, the chipmaker said it anticipates having a core workforce of 75,000 employees by the end of 2025. That’s about a third less than the 108,900 people it employed at the close of the previous fiscal year.

These cuts are part of the company’s current goal to bring its non-GAAP operating expenses down to $17 billion this year, then to $16 billion at the end of 2026. The effort to rein in spending is also leading Intel to abandon some previously announced expansions. The business will no longer embark on new projects in Germany and Poland, and it said it will consolidate its Costa Rican testing and assembly operations into existing efforts in Vietnam and Malaysia. Finally, it will also “slow the pace” of its stateside growth at a construction site in Ohio.

“Our operating performance demonstrates the initial progress we are making to improve our execution and drive greater efficiency,” said Lip-Bu Tan, who has been forthright about his plans to since in March. Tan was brought in to replace Pat Gelsinger in an effort to turn around Intel’s business following a long, slow slide into financial trouble.

Trending Products

- 24% Logitech MK955 Signature Slim Wi-fi...
Original price was: $131.99.Current price is: $99.99.

Logitech MK955 Signature Slim Wi-fi...

0
Add to compare
- 7% Acer Aspire 1 A115-32-C96U Slim Lap...
Original price was: $229.99.Current price is: $214.99.

Acer Aspire 1 A115-32-C96U Slim Lap...

0
Add to compare
- 28% Wireless Keyboard and Mouse Combo, ...
Original price was: $28.99.Current price is: $20.99.

Wireless Keyboard and Mouse Combo, ...

0
Add to compare
- 19% Gaming Keyboard and Mouse Combo, K1...
Original price was: $36.99.Current price is: $29.99.

Gaming Keyboard and Mouse Combo, K1...

0
Add to compare
- 14% ASUS TUF Gaming A15 Gaming Laptop, ...
Original price was: $799.99.Current price is: $689.99.

ASUS TUF Gaming A15 Gaming Laptop, ...

0
Add to compare
- 5% Logitech Media Combo MK200 Full-Siz...
Original price was: $19.99.Current price is: $18.99.

Logitech Media Combo MK200 Full-Siz...

0
Add to compare
- 26% Dell Inspiron 15 3520 15.6″ F...
Original price was: $733.04.Current price is: $539.00.

Dell Inspiron 15 3520 15.6″ F...

0
Add to compare
- 34% SAMSUNG 34″ ViewFinity S50GC ...
Original price was: $349.99.Current price is: $229.99.

SAMSUNG 34″ ViewFinity S50GC ...

0
Add to compare
- 27% Motorola MG7550 – Modem with ...
Original price was: $164.33.Current price is: $119.95.

Motorola MG7550 – Modem with ...

0
Add to compare
- 30% Logitech MK345 Wireless Keyboard an...
Original price was: $57.19.Current price is: $39.99.

Logitech MK345 Wireless Keyboard an...

0
Add to compare
.

We will be happy to hear your thoughts

Leave a reply

ChatchDeal
Logo
Register New Account
Compare items
  • Total (0)
Compare
0
Shopping cart