Intel will start a brand new spherical of layoffs subsequent month.
The semiconductor large plans to put off 15% to twenty% of staff in its Intel Foundry division beginning in July, in line with an inside memo initially reported on by The Oregonian. Intel Foundry designs, manufactures, and packages semiconductors for exterior purchasers.
It’s unclear what number of staff this may instantly affect. Intel’s complete workforce was 108,900 individuals as of December 2024, in line with the corporate’s annual regulatory filing.
TechCrunch reached out to Intel for extra data.
This information shouldn’t be a selected shock. Since Intel’s CEO Lip-Bu Tan took the helm in March, he’s indicated several times that the company needs to refocus on its core enterprise items, flatten its group construction, and return to being an engineering-first firm. Rumors of those particular layoffs began swirling in April.
Tan additionally informed Intel’s clients it could spin off its noncore units on the firm’s Intel Imaginative and prescient convention in March.
Intel laid off 15% of its staff, round 15,000 workers, final August.