Intel Layoffs 2024 Reddit. It's not just workforce reductions hitting intel, as the company said it will reduce r&d and marketing spending by billions annually through 2026 to help reduce costs and reach. A wave of layoffs continues to rattle the tech industry, with semiconductor chip manufacturer intel on monday confirming that it plans to cut its workforce to reduce costs.

While headcount dipped roughly 5 percent in 2023 (from 131,900 employees to 124,800 employees), intel hired its way back to 130,700 employees as of march 30th, 2024, its financial records show. Chipmaker intel says it is cutting 15% of its huge workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like nvidia and amd.