Intel Announces Layoff of 24,000 Employees

Intel Announces Global Restructuring, Cutting 24K Jobs by ’25 Amid Financial Challenges

Intel plans to cut approximately 24,000 jobs by 2025, representing about a quarter of its global workforce. This announcement, made during the company’s second-quarter earnings call, is part of a broader global restructuring initiative. The restructuring includes scrapping industrial projects in Germany, Poland, and Costa Rica, along with slowing construction on a new factory in Ohio, USA. This news comes amid challenging financial conditions for Intel. The company reported a $2.9 billion net loss in the second quarter of 2025, nearly double the loss from the same period last year. Despite these losses, Intel’s stock has climbed by 12% since the start of the year, suggesting continued investor confidence. The job cuts and project cancellations are expected to significantly impact countries like Germany and Poland, which aim to establish themselves as innovation hubs in the semiconductor sector—a critical area for Europe’s technological independence. In Costa Rica, the decision marks the end of a cycle that began in 1997 when Intel established its Latin American headquarters there. Even with the layoffs, Intel has affirmed its commitment to maintaining engineering and research operations in the country.

Global Tech Sector Braces for Significant Layoffs Amid Cost-Cutting Efforts

Intel’s job cuts reflect a broader trend of layoffs across the major technology sector. Companies like Microsoft and Meta are also planning significant workforce reductions for 2025, aiming to reduce costs following periods of rapid expansion during the pandemic. Such widespread workforce adjustments signal a broader re-evaluation of growth strategies within the tech industry.

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