Intel Layoff 2024 Olympics

Intel Layoff 2024 Olympics. The chipmaker just announced it’s downsizing its workforce by 15 percent as part. Intel plans to cut thousands of jobs to finance a recovery and cope with eroding market share,.

Intel reduced its workforce about 5% in 2023 to 124,800 by year’s end as the company said that it expected those cost reductions would save as much as $10 billion. Read the memo shared by company’s ceo.