Intel Layoffs 2024 India Job Cuts. While the innovation space has flourished,. Intel plans to cut thousands of jobs to finance a recovery and cope with eroding market share, bloomberg news reported on tuesday, citing people familiar with the matter.

Intel said thursday that it will reduce 15% of its workforce, as part of a massive restructuring meant to boost profit and efficiency. Tech companies cut jobs at a rapid pace in august 2024 as more than 27,000 employees in over 40 companies, including big names like intel, ibm, and cisco, announced layoffs.