Intel will lay off approximately 15,000 staff as it enacts a new $10 billion cost saving plan.
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Geek Alliance LLCIn a statement to employees following its Q2 2024 earnings call, company CEO Pat Gelsinger said the job cuts would impact 15% of its workforce. Most redundancies will be completed by the end of the year. … [MORE]
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2 Comments
Wow, that’s a pretty massive cut. Intel laying off 15,000 people is just wild. It’s tough to see such a big name in tech making these kinds of moves, especially with everything going on in the gaming world right now. I hope those affected can bounce back quickly. It’s a rough time for the industry overall, and it feels like every week there’s more bad news. Let’s hope they can find a way to stabilize and keep pushing out the tech we all love.
Wow, that’s a huge hit for Intel. 15,000 jobs gone? That’s wild. It’s tough to see any company making such drastic cuts, especially in the tech world where we need all the talent we can get. I get that they’re trying to save money, but I hope this doesn’t mean less innovation or slower progress in gaming tech. The industry needs strong players to keep pushing boundaries. Fingers crossed for everyone affected; hopefully, they can bounce back quickly.