Intel to slice and dice a huge 30% of its global workforce: over 15,000 jobs to be slashed

Intel is planning more layoffs that will reduce its global workforce down from 90,000 to 75,000 in a new move from CEO Lip-Bu Tan.

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Intel had 108,900 employees as of December 2024, with plans to end 2025 with around 75,000 employees through layoffs and attrition, which results in a 24.6% decrease in its staffers after plans of 15,000+ new job cuts in the coming weeks and months.

Intel CEO Lip-Bu Tan said in a statement: "Our operating performance demonstrates the initial progress we are making to improve our execution and drive greater efficiency. We are laser-focused on strengthening our core product portfolio and our AI roadmap to better serve customers. We are also taking the actions needed to build a more financially disciplined foundry. It's going to take time, but we see clear opportunities to enhance our competitive position, improve our profitability and create long-term shareholder value".

In its Q2 2025 earnings, Intel reported revenues of $12.9 billion which is a little better than its previous quarter, and on the high-end of Intel's forecast for the three-month period. Intel expected Q2 2025 revenues of $11.2 billion to $12.4 billion, with Intel CFO David Zinsner calling a "wider-than-normal" range that was the result of "very fluid trade policies" by the US and other countries.

During the Q2 2025 earnings call, Intel CEO Lip-Bu Tan said: "We need to right-size and scale back the company while ensuring that we are retaining our best internal talents and hiring the best external talents from industry and universities. These were hard but necessary decisions, and we reduced management layers by approximately 50 percent in the process".