Intel, one of the world’s largest processor manufacturers, is entering the most comprehensive restructuring process in its history. According to the latest information, the company is preparing to part ways with more than 20 per cent of its employees this week. This move is expected to affect more than 20 thousand people.

Intel will lay off 20 thousand staff

Intel had a staff of 108,900 people at the end of 2024. This number was recorded as 124,800 in 2023. Following the wave of 15 thousand layoffs in 2023, this new liquidation decision means a total reduction of about 30 per cent in two years.

New CEO Lip-Bu Tan drew attention to Intel’s need for restructuring in his statement as soon as he took office. Within the framework of this vision, it was stated that assets deemed incompatible with the company’s future plans will be divested.

While Intel has experienced consecutive revenue declines in the last three years, it has largely lost its competitiveness in the market. The rapid rise of Nvidia in artificial intelligence chips has weakened the company’s traditional dominance in the data centre and desktop computer markets.

The Donald Trump administration’s approach to stimulus plans and the lack of clarity on the future of the CHIPS programme increased the uncertainty in Intel’s investments. On the other hand, Intel’s planned strategic partnership with Taiwan-based manufacturer TSMC seems to have come to a standstill.

Intel will soon announce its first quarter financial results for 2025. This statement may offer more clues about the roadmap of the new era under Lip-Bu Tan. So what do you think about this issue? You can share your opinions with us in the comments section below.