Overview

• Intel will begin layoffs on July 15, starting with 107 employees at its Santa Clara headquarters and extending to as much as 20% of its factory workforce.
• The automotive architecture division will be wound down, leading to layoffs for most staff in that segment while Mobileye’s operations remain intact.
• Staff reductions span chip manufacturing, design engineering, operational planning, and cloud software roles to eliminate bureaucratic layers and improve execution speed.
• CEO Lip-Bu Tan’s restructuring aims to achieve $500 million in savings this year and an additional $1 billion in 2026 to boost competitiveness.
• Intel plans to fulfill existing commitments for automotive projects and chip deliveries as it shifts its focus to core operations.