Intel News Layoffs. Chip giant intel's ( intc) stock price cratered than 26% in friday trading, closing out one of its worst trading days in 40 years. Intel reduced its workforce about 5% in 2023 to 124,800 by year’s end after announcing job cuts beginning in october 2022.


Intel News Layoffs

Intel plans a fresh wave of layoffs in the wake of a steep decline in revenue over the last six months. Intel plans to lay off 15,000 employees, or more than 15% of its total workforce, the company announced in a memo to employees thursday.

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