News > Intel layoffs employees to reduce costs and improve margins

Intel layoffs employees to reduce costs and improve margins

The company hasn’t revealed the exact number of job cuts, but this move aligns with its ongoing cost-cutting efforts as it anticipates a future sales rebound. “This includes workforce reductions within specific business units based on their function and business needs,” the company explained, without specifying the affected departments. This decentralized approach allows each unit to tailor cost-cutting measures to their specific circumstances.