Intel to Lay Off 24,000 Employees by End of 2025
Marcus Thompson 
Key Takeaways
Created with AI - we're still experimenting, so apologies if it misses the mark
- Intel plans to cut approximately 24,000 jobs by the end of 2025 as part of a broader restructuring effort, reducing their workforce from over 109,000 employees to around 75,000.
- The company will scale back projects in Germany and Poland, close operations in Costa Rica, and see layoffs in U.S. operations, with some domestic facilities closing or shrinking.
- Intel acknowledges significant missteps, including heavy investment in new factories without sufficient demand, necessitating a reduction in scale to better align with customer needs.
- The company will not build planned European megafactories that would have created over 5,000 jobs, as part of its ongoing contraction strategy.
Reducing Intel Workforce by 24,000 in Restructuring Effort; U.S. and Overseas Operations Affected
Intel plans to cut approximately 24,000 jobs by the end of 2025 as part of a broader restructuring effort. This initiative includes scaling back projects in Germany and Poland, and closing operations in Costa Rica. As of 2024, Intel had over 109,000 employees. The planned layoffs will reduce this figure to around 75,000 by the close of 2025. CEO Lisa Spice Tan acknowledged significant missteps, including heavy investment in new factories without sufficient demand. This necessitates a reduction in scale to better align with customer needs. Consequently, Intel will not build planned European megafactories that would have created over 5,000 jobs. The company’s U.S. operations will also see layoffs, with some domestic facilities closing or shrinking. These changes are integral to Intel’s ongoing contraction strategy.
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About the Author
Sophie Laurent 
Ahmed Hassan 
Jonathan Dubinski 
Bruno Pferd 
