The tech industry faces continued workforce reductions in 2025, with over 62,000 jobs lost in the first half of the year.

Intel Corporation will lay off between 15% and 20% of its Intel Foundry division workforce beginning July 2025.

In one of its largest workforce reductions to date, Intel will lay off between 15 and 20 per cent of its Foundry employees from July 2025, affecting more than 10,000 global positions. The move is part ...

Intel is set to implement significant layoffs, impacting 15% to 20% of its Intel Foundry workforce starting in July, ...

This round follows two earlier waves of layoffs—one in August 2024 under former CEO Pat Gelsinger that saw 15,000 positions cut, and another in early 2025 after Tan assumed leadership, targeting ...

Lip-Bu Tan was appointed in March after Pat Gelsinger’s departure. Under Gelsinger’s three-year tenure, the company’s stock had declined by over 50%. The split between the foundry and design business ...

Intel, the Bay Area semiconductor giant, will lay off between 15% and 20% of its factory workforce beginning in July, a move expected to eliminate over 10,000 jobs globally in one of the largest ...

Intel, led by new CEO Lip-Bu Tan, announced that it's laying off staff and tightening its return-to-office rule as the Bay Area giant tries to right its course.

Big quote: Former Intel CEO Pat Gelsinger has cast doubt on the effectiveness of TSMC's $100 billion investment in US chip manufacturing, claiming that it will not restore American leadership in ...

Tan replaced Pat Gelsinger, who championed a massive turnaround plan focused on foundry expansion and innovation. Intel reportedly said that Gelsinger received a $7.9 million severance and ...

Gelsinger's total severance payment stands at about $7.9 million and he has forfeited all his outstanding unvested equity awards, the company said.

New Intel CEO Lip-Bu Tan told shareholders Thursday that the company “fell short of your expectations” in 2024 but he insisted the chipmaker is already on the comeback trail.