"This is painful news for me to share. I know it will be even more difficult for you to read," said Intel CEO Pat Gelsinger in a company blog post. The company plans to lay off 15% of its workforce as part of a $10 billion cost-saving plan for 2025.
According to The Verge, the headcount reduction is more significant than 15,000 roles. While the quoted number is "greater than 15,000," Intel is estimated to employ 125,000 workers, which could put the number as high as 19,000.
