Last Wednesday they announced Rumors of Intel staff layoffslayoffs that were to be announced soon. These rumors have become reality just a few hours later, as Intel has announced cuts in its workforce in its second quarter 2024 earnings report. Cuts that, unfortunately, also do not match in number since The dismissal includes 15% of its workforce as part of your plan to save $10 billion.
Intel’s losses amount to $1.6 billion this quartera figure higher than in the first quarter, and its shares have fallen by more than 5% with this announcement. This has led the manufacturer to take measures to Improve operational and capital efficiencyin order to carry out its IDM 2.0 plans that will increase its profits in the future. However, the company’s losses are due to the heavy investment in new factories and machineryas the rest of Intel’s divisions remain profitable.
For this, among others, Intel will lay off 15% of its total workforce. This will affect about 19,000 employees of its template more than 125,000 people around the world, who will leave the company before the end of 2024. The company intends to reduce with these layoffs, with a reduction in R&D (on GAAP) and marketing and a reduction in general and administrative expenses up to 20 billion dollars in 2024 and another 17,500 in 2025. It also has more actions to reduce spending by 2026.
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