Intel Layoffs April 2024. Intel suffered a massive financial loss in its recent reports, and the company has responded by announcing layoffs of 15% of its work layoffs. Intel is looking to eliminate thousands of jobs as a way to cut costs and fund plans to recover from market share loss and reduced earnings, bloomberg reported tuesday.

Intel, which employed 116,500 people as of june 29, excluding some subsidiaries, said the majority of the job cuts would be completed by the end of 2024. Intel kicked off the month with substantial layoffs,.