Intel Layoffs 2024 Bloomberg. Plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses. Intel plans yet another round of job cuts this summer, according to a fresh report from bloomberg that says the chipmaker will eliminate “thousands” of jobs across the company.

Is cutting 15% of its massive workforce — about 15,000 jobs — as it tries to turn its business around to compete with more. Bloomberg, citing unnamed people familiar with the company’s plans, said the planned layoffs are aimed at funding “an ambitious effort to rebound from an earnings slump.