Intel layoffs: 10,000+ factory workers to be laid off; Why they won’t be getting any severance
Intel is planning significant job cuts in its foundry division. The layoffs will affect thousands of employees globally. This decision is part of a larger restructuring effort led by CEO Lip-Bu Tan. The company aims to streamline operations and reduce costs. Intel has faced financial challenges and increased competition. Previous job cuts have already reduced the workforce.
Intel is planning significant job cuts in its foundry division. The layoffs will affect thousands of employees globally. This decision is part of a larger restructuring effort led by CEO Lip-Bu Tan. The company aims to streamline operations and reduce costs. Intel has faced financial challenges and increased competition. Previous job cuts have already reduced the workforce.
