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Intel reportedly plans to lay off up to 20 percent of factory workers.
In a memo seen by The Oregonian, Intel manufacturing Vice President Naga Chandrasekara tells workers that the company could cut between 15 and 20 percent of workers in its Foundry division. “These are difficult actions but essential to meet our affordability challenges and current financial position of the company,
Intel's upcoming 18A node and required cost-cutting moves look bullish for 2H2025 and 2026. Find out why INTC stock is a Buy.
1don MSN
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Analysts react to reports that Intel has plans in place to eliminate upwards of 20% of its factory workers beginning next month.
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