Intel confirms it will dramatically cut its workforce by the end of 2025
Intel provided more detail about the scope of its planned job cuts and other business changes while sharing its second-quarter earnings results. Reports in April suggested that Intel could eliminate around 20 percent of its staff in a restructuring plan. Today, the chipmaker said it anticipates having a core workforce of 75,000 employees by the end of 2025. It's a dramatic reduction considering that, at the close of the previous fiscal year, the company employed around 108,900 people. These cut