India, July 29 -- Intel is planning to cut approximately 24,00 jobs by the end of 2025. The numbers represent nearly a quarter of its global workforce, a drastic measure aimed at streamlining operations and reversing a string of financial losses.

The layoffs began in the second quarter of 2025 and are part of a broad restructuring under new CEO Lip-Bu Tan, who took his position in March. According to reports, in an internal memo to staff, Tan described these as "hard but necessary decisions" to revive the struggling chipmaker. Intel aims to reduce its core employees from 99,500 at the end of 2024 to about 75,000 by year-end 2025.

The job cuts follow a challenging period for Intel. The company reported a USD 2.9 billion quarterly loss on...