HardwareUS

Intel Layoffs

April 2024

Intel announced a layoff affecting 62 employees in April 2024. The company operates in the Hardware sector.

People Affected

Announced Date

Apr 9, 2024

About

Intel, the semiconductor giant, has initiated a new round of layoffs impacting approximately 62 positions within its Sales and Marketing Group at its Santa Clara, California headquarters. This move is part of an ongoing reorganization aimed at streamlining operations and reducing costs, following CEO Pat Gelsinger's 2022 announcement to cut up to $10 billion in spending by 2025 amid a slowdown in demand. The layoffs, disclosed in an April 4 state filing, are set to take effect starting May 25. While the exact percentage of total employees affected is not specified, Intel emphasizes its commitment to supporting impacted staff and continuing its strategic transformation in the competitive chip industry.