Intel to cut factory workforce by up to 20% to restructure finances
It has been revealed that Intel plans to reduce its workforce by 15% to 20% in July 2025. The cuts are expected to be mainly aimed at factory workers, and Naga Chandrasekaran, vice president of manufacturing, said in a message to employees, 'This is a difficult decision, but it is essential to meet Intel's economic challenges and financial situation. It will be painful for each and every one of us.'
Intel will lay off 15% to 20% of its factory workers, memo says - oregonlive.com
Intel to lay off fab workers in mid-July — company aims to refocus on more engineering talent | Tom's Hardware
https://www.tomshardware.com/pc-components/cpus/intel-to-begin-fab-personnel-layoffs-in-mid-july-company-to-reduce-costs-and-refocus-on-engineering-talent
On June 14, 2025, Chandrasekaran sent a memo to employees announcing plans to cut staff by 15% to 20% to address the economic challenges and financial situation facing Intel. The cuts are scheduled to be implemented in July 2025, and Oregon Live, a local newspaper in Oregon, confirmed the contents of the memo to four Intel employees.
Intel did not comment on Chandrasekaran's memo but said in a statement, 'As we make these important decisions, we treat our employees with care and respect. By removing complexity from our organization and empowering our engineers, we can better meet customer needs and strengthen our execution. We are making these decisions after careful consideration of what is necessary to position our business for the future.'
The job cuts are expected to take place at Intel's factories around the world, with the biggest impact expected in Oregon, where 20,000 people are employed. Intel has already cut 15,000 jobs in 2024, including 3,000 in Oregon.
Intel CEO Pat Gelsinger will step down in 2024.
Intel announces CEO Pat Gelsinger's retirement, 'thanks to my colleagues around the world who have worked with me as part of the Intel family' - GIGAZINE
Subsequently, in March 2025, former director Lip Vu Tan became CEO.
Tan has vowed to streamline operations, reduce the number of executives and roll out new technology quickly, while also saying he wants to retain top engineers.
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