Intel to cut 15,000 jobs in desperate cost-cutting bid

CEO Pat Gelsinger cites missed revenue targets and the company's inability to capitalise on AI trends

clock • 2 min read
Intel to cut 15,000 jobs in desperate cost-cutting bid
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Intel to cut 15,000 jobs in desperate cost-cutting bid

Intel has announced sweeping job cuts, affecting approximately 15,000 employees.

The move, revealed on Thursday, represents a 15% reduction of its workforce and is part of a broader strategy to cut costs by $10 billion by 2025 to reverse its declining fortunes. CEO Pat Gelsi...

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