Beleaguered chipmaker Intel has confirmed plans to restructure in a shift that will involve an unspecified number of layoffs. It was reported this week that the company could lay off around 20 percent of staff (it had 108,

Bloomberg reported 20 percent job cuts were coming this week, but Intel’s Q1 2025 earnings release isn’t saying that. Intel is “taking actions” that include “streamlining the organization, eliminating management layers and enabling faster decision-making,

Intel is reportedly preparing another round of layoffs, with 21,000 of its global workforce to be out of work, representing another 20% of its workforce.