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Intel Lays Off 15,000 Employees: CEO Describes Decision As 'Painful'
![Zee News]()
Friday, 2 August 2024
Intel CEO Pat Gelsinger recently informed employees about upcoming job cuts aimed at saving money and reducing costs. In a memo he revealed plans to achieve 10 billion dollars in savings by 2025 which involves cutting about 15,000 jobs or 15 per cent of the workforce. To support this transition, Intel will announce an enhanced retirement package for eligible employees and a voluntary departure program next week.
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Friday, 2 August 2024
