Business • Jun 21, 2025

Intel announces massive job cuts in foundry division

Big changes are coming to Intel: the company plans to cut 15-20% of jobs in its Foundry division—over 10,000 roles—starting July 2025.
This move is part of a larger effort to manage financial losses and keep the company on track.
CEO Lip-Bu Tan will lead the process, focusing on performance and strategic fit rather than just offering severance packages.

TL;DR

Intel is losing $300 million per week

Intel has been struggling financially, reporting an $821 million loss in early 2025.
The workforce has already dropped from 125,000 in 2023 to about 109,000 by the end of 2024.
These layoffs are part of Intel's push to stay competitive against rivals like TSMC and NVIDIA.
The cuts should be finalized by August, but more could come if things don't turn around soon.