It is a fact that Intel He crosses one of his worst moments in history, but new events increase the situation in terms of crisis. And, after announcing large quantities of layoffs in 2023 and 2024 and even “withdrew” to his CEO, now Intel plans to reactivate again mass layoffs In its workforce, confirming that the company suffers from major problems, and not only financial.
The well-known analyst of Cantor Fitzgerald, CJ Muse, said at the beginning of this week that he had seen an “aggressive expenses” in Intel now that Lip-Bu is thus at the head of the company, and this prediction was reaffirmed with the latest news published by Bloomberg, which reported that Intel's plans to reduce its 20% model this week. We are talking about some 21,000 employees will have to inflate the unemployment strike …
Intel is in crisis for the third consecutive year
Already in the year 2023, Intel “was forced” to do without 15,000 employees, reducing its workforce by around 131,900 to 124,800 employees. Last year, Santa Clara's company did the same, saying about 15% of its workforce and sending 15,000 other employees on the street. From now on, Intel plans to redo mass layoffs and, in fact, the figure increases up to 20%, which corresponds more or less around 21,000 employees.
2023: Intel announces 15,000 jobs to be eliminated, from around 131,900 to 124,800.
2024: Intel announced its intention to reduce its workforce by around 15%, which was equivalent to more than 15,000 job cuts.
2025 so far (April 22): Intel plans to reduce around 20% of its workforce,
April 23, 2025 • 03:54
Keep in mind that even the official confirmation of Intel, we must treat it as a rumor. Remember that in July of last year, Bloomberg herself published that Intel intended to dismiss 10,000 employees, then nothing of this happened, maintaining its workforce with around 110,000 workers around the world.
However, what seems clear is that Intel crosses one of the worst moments in its history and it is in crisis, it is undeniable. Under the supervision of Pat Gelsinger, Intel had an ambitious cost reduction plan which would allow the company to save around $ 10,000 million, but it seems that it has not succeeded – at least not at all – because the financial situation of Intel does not stop worsening. It is not known whether these new mass layoffs were part of the Gelsinger plan, or if it is a unilateral movement of its new CEO, lip-bu.
What is true is that after this rumor, Intel shares increased by 2% in spare operations, after 4% of profits recorded in the ordinary session of the Stock Exchange. So far this year, the Intel value remains practically stable, although they have recovered a good part of the losses they suffered in March and early April, but if you are on this scholarship day: on April 29, it will be Intel Foundry day, and it is planned that what is happening this day will affect the company's stock market for good or evil.
Let us remember that AMD has already gone through a similar situation, and under the Lisa stick, they have reached not only the hole in which they were involved, but also to increase with a fairly firm position on the market. To do the same, Intel would only need a new generation of processors that hit the table …
