Intel Layoffs 2024 India Statement

Intel Layoffs 2024 India Statement. Intel's fifth round of job cuts this year, the layoffs are scheduled to begin on december 31, lasting across two weeks. With this new financial reporting structure, intel revealed that it suffered a $7 billion operating loss in its foundry segment last year.

“intel is focused on identifying cost reductions and improving margins through multiple initiatives,” the company said in a statement this week to the. Intc) initiated a new round of job cuts this week, impacting an undisclosed number of employees in its sales and marketing unit.