Intel Layoffs 2024 Bloomberg Quint. Intel is looking to eliminate thousands of jobs as a way to cut costs and fund plans to recover from market share loss and reduced earnings, bloomberg reported tuesday. Plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses.

Intel plans yet another round of job cuts this summer, according to a fresh report from bloomberg that says the chipmaker will eliminate “thousands” of jobs across the company. Intel said on thursday it would cut more than 15% of its workforce, some 17,500 people, and suspend its dividend starting in the fourth quarter as the chipmaker pursues a.