Intel to put off as much as 20% of Intel Foundry employees

Intel will start a brand new spherical of layoffs subsequent month.

The semiconductor big plans to put off 15% to twenty% of employees in its Intel Foundry division beginning in July, in response to an inside memo initially reported on by The Oregonian. Intel Foundry designs, manufactures, and packages semiconductors for exterior purchasers.

It’s unclear what number of employees it will instantly impression. Intel’s whole workforce was 108,900 folks as of December 2024, in response to the corporate’s annual regulatory submitting.

TechCrunch reached out to Intel for extra data.

This information isn’t a selected shock. Since Intel’s CEO Lip-Bu Tan took the helm in March, he’s indicated a number of instances that the corporate must refocus on its core enterprise items, flatten its group construction, and return to being an engineering-first firm. Rumors of those particular layoffs started swirling in April.

Tan additionally instructed Intel’s prospects it could spin off its noncore items on the firm’s Intel Imaginative and prescient convention in March.

Intel laid off 15% of its workers, round 15,000 workers, final August.