Overview

• Intel will eliminate between 15% and 20% of its manufacturing staff beginning in July, affecting more than 10,000 jobs worldwide.
• The layoffs concentrate on the Foundry division and range from production-floor technicians to researchers on advanced chip designs.
• No voluntary buyouts or early-retirement offers will be available, with decisions driven by portfolio priorities and individual performance reviews.
• Intel reported an $821 million loss in the first quarter of 2025 as it grappled with declining sales and competition from Nvidia and Broadcom.
• This marks Intel’s third major layoff round within a year and coincides with delayed Ohio factory plans and ongoing efforts to simplify management.