Intel Layoffs 2024. Plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses. As intel begins trimming 15,000 jobs from its global workforce, the chipmaker is offering buyouts ranging from 13 weeks of pay to more than a year, depending on how long.

With this new financial reporting structure, intel revealed that it suffered a $7 billion operating loss in its foundry segment last year. Intc) initiated a new round of job cuts this week, impacting an undisclosed number of employees in its sales and marketing unit.