Intel Layoffs 2024 India Future Plans In India

Intel Layoffs 2024 India Future Plans In India. Our costs are too high, our margins are too low, ceo. Intel plans to cut thousands of jobs to finance a recovery and cope with eroding market share, bloomberg news reported on tuesday, citing people familiar with the matter.

Intel reduced its workforce about 5% in 2023 to 124,800 by year’s end as the company said that it expected those cost reductions would save as much as $10 billion by 2025. Pat gelsinger revealed that the company plans to deliver $10 billion in savings by 2025.