Intel

TechnologyAI-Cited Layoffs

United States1 layoff round tracked

15,000

Total Jobs Cut

August 2024

Most Recent

15,000

Largest Single Layoff

Yes

AI Cited

Layoff Timeline

August 2024

15,000 jobs cut(15% of workforce)

AI-CITED

Reason: Poor Q2 results; costs too high, margins too low; pivot to AI chips

Source: Computerworld

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