July 24, 2025 · Windows Central
Intel to Cut Core Workforce by 15%, Around 24,000 Jobs, Under New CEO
Intel said it would reduce its core workforce by about 15% — roughly 24,000 roles — bringing core headcount to around 75,000 by the end of 2025 under CEO Lip-Bu Tan, who took over in March. The chipmaker, which expects about $1.9 billion in restructuring charges, is flattening management layers and pulling back on projects as it battles losses and fierce AI-chip competition from Nvidia and AMD. The reductions come on top of the 15,000 cuts Intel announced in 2024.