Tech
Intel layoffs: Intel expects workforce to shrink by 25,000
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Intel, the ailing semiconductor giant, said Thursday that it expected its workforce to shrink by more than 25,000 employees this year as the company continues searching for a turnaround.
The chipmaker, which reported 108,900 employees at the end of last year, said it now expects layoffs, attrition and other actions to reduce its head count to 75,000 by the end of 2025. Intel also disclosed it will no longer move forward with plans to build factories in Germany and Poland, further slow the pace of new factory construction in Ohio and consolidate…
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