Intel to cut 24,000 jobs, scrap mega-fab projects as new CEO slashes costs

Intel is officially hitting Ctrl + Alt + Del — and it's not just on your keyboard this time.

The iconic chip giant is going in for a massive system reboot, trimming down in a big way. How big? Nearly 24,000 employees will be let go by the end of 2025. That’s almost a quarter of Intel’s global workforce—gone.

Why the major shake-up? Well, after years of lukewarm performance and heavy spending, Intel is choosing to clean the slate. New CEO Lip-Bu Tan is clearly operating on efficiency mode, and the goal seems simple: cut the clutter, sharpen focus, and get back in the game.

At the end of 2024, Intel had over 1.09 lakh employees. By the time 2025 wraps, that number will be down to 75,000 “core” team members.

And the cuts? Brutal and global:

Germany and Poland: Those fancy chip factories? Scrapped.

Costa Rica: Chip assembly work is packing up and shifting to Vietnam.

Ohio, USA: Major construction work is being slowed down to match demand.

Intel isn’t just laying off—it’s realigning its entire strategy. Whether this bold reboot will pay off is yet to be seen, but one thing’s clear: Intel’s not playing it safe anymore.
**This news was published on India Today on 25th July, 2025.

 

 

 

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