Intel Layoffs April 2024

Intel Layoffs April 2024. Intel's stock is down 14% since the april 2 foundry announcement. Intel, the silicon valley chip maker, said on thursday that it would slash more than 15,000 jobs to aid a turnaround plan, as the company tries to recover after a series of stumbles.


Intel Layoffs April 2024

It’s not just workforce reductions hitting intel, as the company said it will reduce r&d and marketing spending by billions annually through 2026 to help reduce costs and reach. Intel has revealed several rounds of layoffs in california under a state law that requires notification of job cuts of 50.

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