Intel will start a brand new spherical of layoffs subsequent month.
The semiconductor big plans to layoff at the very least 15%, and as much as 20%, of staff in its Intel Foundry division beginning in July, in accordance with an inner memo initially reported on by The Oregonian. Intel Foundry designs, manufactures, and packages semiconductors for exterior shoppers.
It’s unclear what number of staff this can instantly influence. Intel’s complete workforce was 108,900 folks as of December 2024, in accordance with the corporate’s annual regulatory filing.
TechCrunch reached out to Intel for extra data.
This information shouldn’t be a specific shock. Since Intel’s CEO Lip-Bu Tan took the helm in March, he’s made multiple references that the company needed to refocus on its core enterprise models, flatten its group construction and return to being an engineering-first firm. Rumors of those particular layoffs started swirling in April.
Tan additionally instructed Intel’s clients it might spin off its noncore models on the firm’s Intel Imaginative and prescient convention in March.
Intel beforehand laid off 15% of its employees, round 15,000 staff, final August.