Intel Layoffs 2024 India Employees Affected

Intel Layoffs 2024 India Employees Affected. Intel, the tech giant, is planning to lay off thousands of employees as part of a larger strategy to reinvest in research and development. Intel announced plans to lay off more than 15% of its workforce, approximately 15,000 employees, as part of a broader strategy to cut spending by $10 billion by 2025.

American chip manufacturer intel is reportedly planning to lay off more workers after the company witnessed a weak financial quarter owing to low pc sales globally and uncertain macroeconomic conditions. Intel initiates fifth round of layoffs, further job losses in 2024 expected.