Chandrasekaran said the company is aiming to slash 15 to 20 percent of its factory workforce in July, a move that could push thousands of Americans into job searches.\u00a0<\/p>\n
With Intel employing 109,000 globally, that would mean 16,350 to 21,800 layoffs.\u00a0\u00a0<\/p>\n
It is not clear how many work in US-based factories, and how many American jobs will go.<\/p>\n
Recently, Intel reported employing more than 20,000 staffers at its plant in Hillsboro, Oregon.<\/p>\n
The news comes a day after Microsoft said it was cutting thousands of jobs<\/a>, and two days after\u00a0Amazon’s CEO also\u00a0announced brutal workforce cuts<\/a>. Both linked the cuts to AI.<\/p>\n Intel, once a dominant player in the computer chip market, has seen an increase in high-tech competitors<\/p>\n This marks the second round of layoffs for the legendary tech company in a year. Last December, Intel slashed 15 percent of its workforce<\/a> after its stock price dropped by more than 60 percent.\u00a0<\/p>\n The two sets of layoffs are a response to rising pressure from upstart competitors, compounding financial losses, and a declining stock price.\u00a0<\/p>\n For years, Intel had been a dominant force in tech, manufacturing components for computers such as chips and microprocessors.\u00a0<\/p>\n But in recent years, its competitors have made major technological strides. Chipmakers AMD, IBM, TSMC, and NVIDIA have surged past Intel by investing heavily in processors built for artificial intelligence.\u00a0<\/p>\n AI chip deployment has been a weak spot for Intel. Investors have punished the company for its apparent flat-footedness.\u00a0<\/p>\n Intel traded above $68 a share in 2021, but it\u2019s currently trading just north of $21.\u00a0<\/p>\n The company reported an $821 million loss in the first quarter of this year.\u00a0<\/p>\n It is also receiving billions of dollars in federal support through the bipartisan CHIPS and Science Act, which aims to bring militarily critical tech manufacturing back to the US.\u00a0\u00a0<\/p>\n The struggling company appointed\u00a0Lip-Bu Tan as its new top boss in March 2025<\/p>\n Intel partnered with dozens of computer manufacturers to make core processing chips<\/p>\n The tech company’s stock has seen a massive drop in the past five years\u00a0<\/p>\n The company is awaiting the arrival of $6.9 billion in federal grants to support factory builds and growth in Oregon, Arizona, New Mexico, and Ohio.\u00a0<\/p>\n Intel has delayed construction of its Ohio factory until 2030.\u00a0<\/p>\n Jobs jettisoned\u00a0<\/p>\n Some of America’s biggest companies have announced sweeping job cuts this year.\u00a0<\/p>\n In May, Walmart \u2014 America’s largest employer \u2014 announced it was cutting 1,500 jobs<\/a> from its tech operations and e-commerce teams.\u00a0<\/p>\n Procter & Gamble, the owner of Tide detergent and Gillette shaving products, is also undergoing significant cuts.\u00a0<\/p>\n The company said it would eliminate 7,000 positions<\/a>.\u00a0<\/p>\n Job losses have been even more pronounced in the tech sector, as firms increasingly replace human employees with hyper-intelligent machines.\u00a0<\/p>\n The AI-driven job bloodbath marks a major shift for American workers. For years, mass layoffs were concentrated in US manufacturing plants.\u00a0<\/p>\n Intel’s manufacturing cuts will likely impact thousands of middle- and high-paying jobs in the US<\/p>\n Intel employs thousands at its HQ in Oregon<\/p>\n Now, they’re impacting college-educated, high-to-middle-class earners<\/a>.\u00a0\u00a0<\/p>\n Microsoft \u2014 one of the leading firms investing in AI \u2014 is expected to lay off thousands of employees next month<\/a>\u00a0as it shifts resources toward deeper investments.\u00a0<\/p>\n![\"Intel,](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/99545763-14829401-Intel_once_a_dominant_player_in_the_computer_chip_market_has_see-a-306_17503641647.jpeg\")
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