Intel Announces Major Layoffs, Cutting 15,000 Jobs Globally

The tech giant's cost-cutting measures include significant job losses in Oregon, California, Arizona, and Texas.

Intel will lay off over 2,000 employees in the U.S., with the largest cuts at its Oregon R&D site.
The layoffs are part of Intel's strategy to save $10 billion by 2025 amid financial challenges.
Intel's workforce reduction follows a $1.6 billion loss in Q2 and competition from companies like Nvidia.
The company continues to pursue $8.5 billion in CHIPS Act funding for U.S. semiconductor expansion.
Meta is also downsizing, affecting teams across Instagram, WhatsApp, and Reality Labs.