Intel Layoffs 2024 Bloomberg Announcement. According to a bloomberg report, intel is preparing for significant layoffs involving thousands of employees, which could be officially announced as early as this week. The company blames its foundry business for most of.
Intel plans to reduce its workforce by thousands as part of a strategic move to cut costs and fund technology rebound effort, bloomberg reported. Intel’s voluntary retirement program as part of the massive cutbacks announced last week will be offering substantial severance packages tailored to employees’ seniority levels.