ntel will lay off around 24,000 workers and cancel key factory plans in Germany and Poland as new CEO Lip-Bu Tan pushes a major restructuring effort. The move aims to reduce costs and refocus on AI chips after continued losses and growing pressure from competitors.
Intel is set to slash about 24,000 jobs—nearly a quarter of its global workforce—by the end of 2025 as part of a sweeping cost-cutting plan led by new CEO Lip-Bu Tan. The company also confirmed it will scrap major manufacturing projects in Germany and Poland, initially intended to support its global expansion.
Intel, which had 99,500 employees at the end of 2024, will cut down to 75,000. In a memo to staff, Tan described the layoffs and halted investments as „hard but necessary decisions.“ The restructuring includes management cuts and factory consolidations, with the company already spending $1.
