Intel to layoff up to 20% of Intel Foundry workers
In Brief
Intel will begin a new round of layoffs next month.
The semiconductor giant plans to layoff at least 15%, and up to 20%, of workers in its Intel Foundry division starting in July, according to an internal memo originally reported on by The Oregonian. Intel Foundry designs, manufactures, and packages semiconductors for external clients.
It's unclear how many workers this will directly impact. Intel's total workforce was 108,900 people as of December 2024, according to the company's annual regulatory filing.
TechCrunch reached out to Intel for more information.
This news is not a particular shock. Since Intel's CEO Lip-Bu Tan took the helm in March, he's made multiple references that the company needed to refocus on its core business units, flatten its organization structure and return to being an engineering-first company. Rumors of these specific layoffs began swirling in April.
Tan also told Intel's customers it would spin off its noncore units at the company's Intel Vision conference in March.
Intel previously laid off 15% of its staff, around 15,000 employees, last August.
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