Summary
Chipmaker Intel announced major job cuts impacting over 20,000 employees in October 2025 as part of restructuring efforts under its new CEO.
Layoff Details
- Reason
- Intel initiated a comprehensive strategic restructuring and efficiency drive to regain its competitive edge in the semiconductor industry, particularly amid intensifying competition from rivals like Nvidia in the AI market. This involved significant cost-cutting measures, a focus on AI chip production and factory streamlining, and a commitment to becoming a more financially disciplined foundry. Key actions included halting major planned factory projects in Germany and Poland, decommissioning and gradually closing the assembly and test operations in Costa Rica while consolidating them to larger facilities in Vietnam and Malaysia, and slowing the pace of construction for a new plant in Ohio. The restructuring also aimed to optimize the global production network, improve return on invested capital, and strengthen the core product portfolio by focusing resources on high-return projects and advancing the artificial intelligence roadmap. The company also streamlined management layers and reduced its R&D budget by axing multiple projects and initiatives.
- Affected Locations
- GermanyPolandCosta RicaIreland (Co Kildare)OhioUSOregonUS
- Affected Departments
- Intel Foundry divisionManagementResearch and Development (R&D)EngineeringTechnicians (support roles)Network and Edge Group (Nex - spun off)
Market Impact
The significant layoffs at Intel highlight the ongoing challenges and restructuring within the technology sector, driven by various factors including market demand and leadership changes.
Industry Context
The technology sector continues to experience substantial job cuts, with companies like Intel undertaking restructuring amid evolving market conditions and the integration of new technologies.
Stock Performance Around Layoff
Sources (5)
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Recent Intel News
Stock Price
Company Info
- Website
- www.intel.com
- Industry
- Semiconductors
- Sector
- Technology
- Headquarters
- Santa Clara, CA, United States
- Founded
- 1968
- CEO
- Mr. Lip-Bu Tan
- Employees
- 88,400
Event Snapshot
Financials
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