Layoffs 2024 Intel. The chipmaker just announced it’s downsizing its workforce by over 15 percent. Intel’s on a long, long road to recovery, and over 15,000 workers will no longer be coming along for the ride.
Is cutting 15% of its massive workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like nvidia and. Initially, intel was awarded $8.5 billion, but it was decreased after intel won a $3 billion subsidy from the pentagon to expand department of defense semiconductor.