Intel confirms it will cut a third of 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. That's about a third less than the 108,900 people it employed at the close of the previous fiscal year. These cuts are part of the company