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Intel says job cut reports are 'rumour and speculation'

  • Intel intends to reduce its global staff by 20 percent this week.
  • The move follows three years of declining revenue and heightened competition.
  • This planned reduction impacts over 21,000 jobs from the 108,900-person workforce.
  • Revenue totaled $79 billion in 2021, dropping to $53.1 billion by 2024.
  • New CEO Lip-Bu Tan implements these layoffs to streamline operations and cut costs.
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Bias Distribution

  • 38% of the sources are Center, 38% of the sources lean Right
38% Right
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RTÉ broke the news in Ireland on Wednesday, April 23, 2025.
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