Intel shared its second quarter income results, providing more details about the scope of deductions and other business changes in their planned jobs. Reports in April say that the Intel can eliminate 20 % of its staff in the organizational project. Today, the chipmaker said he expects the basic workforce of 75,000 employees by the end of 2025, which is less than 99,500 at the beginning of the year.
The number is more dramatic when the company’s overall efforts are considered. This time last year, the chipmaker worked 116,500 in the world, which did not include workers in its subsidiaries, and since then the number has decreased rapidly. As of June 28, the company had 96,400 workers, meaning it plans to reduce more than 20,000 employees in the second half of the year.
These deductions are part of the company’s current target that reduces its non -GAAP operating costs this year to $ 17 billion, then increases $ 16 billion at the end of 2026. Attempts to curb the costs also causes Intel to abandon the previously announced extension. The business will no longer implement new projects in Germany and Poland, and has said it will strengthen its Costa Rican testing and assembly operations in the current efforts in Vietnam and Malaysia. Finally, it will also “slow down” the development of its state at a construction site in Ohio.
Since handling the CEO title in March, it clearly shows its reduction plans, which our operating performance is doing to improve our implementation and improve maximum performance. “A long, slow slide was brought to Tan to replace Pate Jelnagar in an attempt to replace Intel’s business after suffering financial problems.
Updated, July 25, 3:30 pm et: This story has been updated several times after being published to provide more contexts around the story. Employment numbers were also eliminated by eliminating some of the employees in Intel’s subsidiaries.
