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Intel confirms plans to lay off 15,000 employees following poor 2024 performance

Intel confirms plans to lay off 15,000 employees following poor 2024 performance



Intel has confirmed plans to lay off 15% of its workforce, totalling around 15,000 employees, confirming previous speculation.

The decision follows a disappointing second quarter and is part of a broader strategy to achieve $10 billion in cost savings by 2025.



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