Intel Corp. is cutting more than 500 positions in Oregon as part of a layoff plan that’s ultimately expected to affect roughly 20% of the chipmaker’s staff.

Intel’s stock jumped early in 2025 as optimism built around new leadership, but shares fell over 9% after Thursday’s Q2 earnings and layoff announcement, threatening to erase

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the struggling chipmaker's fortunes.

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the fortunes of the struggling chipmaker that helped launch Silicon Valley but has fallen behind rivals like Nvidia Corp.

Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chipmaker that would issue “no more blank checks.

Intel CEO Lip-Bu Tan told employees in a staff-wide memo yesterday that the company plans to cut its workforce by roughly 15%—more than 25,000 jobs—aiming to end the year with about 75,000 employees worldwide.

Intel employed 109,800 people at the end of 2024, of which 99,500 were “core employees,” so the company is pushing out around 24,000 people this year — shrinking Intel by roughly one-quarter. (It has also divested other businesses,

Intel's headcount will shrink to around 75,000 by year's end, a reduction driven by both layoffs and attrition.

Intel has confirmed plans to cut over 25,000 jobs by the end of 2025 as part of a major restructuring under CEO Lip-Bu Tan. Here's what we know.