‘Resize and refocus’ | Intel announces 15,000 layoffs in plan to scrap 'non-essential work'

Intel has announced plans to cut 15,000 jobs, around 15% of its workforce, in a bid to reduce costs and eliminate inefficiencies.

The layoffs come as a part of the chipmaker’s plan to save $10billion in costs in 2025, and follow disappointing financial performance in Q2.