Intel Layoffs 2024 India Employees Affected. Pat gelsinger revealed that the company plans to deliver $10 billion in savings by 2025. Plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses.
Intel is laying off thousands of employees to recover from financial losses and adapt to market changes, driven by a significant drop in their stock price and challenges in meeting ai chip demand. Intelโs on a long, long road to recovery, and over 15,000 workers will no longer be coming along for the ride.