Intel Foundry layoffs could impact 'more than 10,000' factory workers — one fifth of employees affected by 'enormous cutback'

Date: 2025-06-17 15:03:23

Intel plans to cut 15%-20 % of its global fab network workforce — between 8,170 and 10,890 employees — to reduce costs, but this risks operational agility and potentially jeopardizes federal and state funding.