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    Intel slashes even more workers to help meet 20% workforce cut goal




    • Intel is laying off another 5,000 workers after 20,000+ already left earlier this year
    • Non-core roles in California and Oregon are most at risk
    • Declining market dominance is largely to blame

    Intel is planning to lay off a further 5,000 workers, mainly across California and Oregon, as part of its broader effort to reduce headcount by about 20%, reducing costs and improving profitability.

    The company has already made a series of layoffs affecting around 20,000 workers this year alone, with Intel’s new CEO, Lip-Bu Tan, citing the firm’s declining x86 market dominance, its weak presence in the GPU market, and underwhelming performance from its foundry services.

    https://cdn.mos.cms.futurecdn.net/YUCE5MfzYamiZqoMBo7UtC.jpg



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