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Intel Plans to dismiss around 15-20% of its factory staff, because it wants to increase income and will want to Wil the ever-changing market conditions
A report of Oregonlive Claims that the cost -saving efforts, planned to begin with, will be in the first place in mid -July 2025 on Intel Foundry, one of its core business departments.
“These are difficult actions, but essential to enter into our affordability challenges and the current financial position of the company. It is all about pain for each individual,” VP Naga Chandrasekaran reportedly shared in a memo with employees at the weekend.
Intel has been set for even more dismissed
The news comes while Intel continues to struggle with his financial performance-the turnover on an annual basis on an annual basis during the first quarter of 2025, with predictions for income from the second quarter that suggest a quarter-over quartal dip.
The company has already made considerable reductions of its workforce, including the termination of 15,000 contract in August 2024.
It is assumed that this time no voluntary buyouts are offered, where Intel bases the dismissals on project priorities, performance and skills assessments. Factories with regard to advanced chip development and employees in highly skilled roles can be one of the less chance of being influenced.
“We are taking a disciplined and cautious approach to support continuous investments in our core products and foundry companies, while maximizing operational cost savings and capital efficiency”, CFO David Zinter explained In the winning release of the first quarter of the company.
In addition to saving cash, the Intel approach also revolves around the streamlining of the workforce and the removal of inefficiencies by eliminating certain areas of middle management-iks that promised the new CEO LIP-BU Tan to put the company back into a profitable business.
TechRadar Pro contacted Intel to confirm his plans, but the company did not respond immediately.
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