Intel Layoffs 2024. Intel corporation is an large multinational technology company headquartered in santa clara, california. The tech industry faced another surge in layoffs in july 2024, with over 8,000 professionals losing their jobs, bringing the year's total to 124,517 across 384 companies.

“simply put, we must align our cost. Intel has committed tens of billions of dollars to build advanced new factories but has cautioned investors that its turnaround plan will take years, not months.