Intel expects workforce to shrink by 25,000 in 2025
Intel expects its workforce to shrink by over 25,000 employees in 2025 as it plans to cut costs and revive its underperforming business. CEO Lip-Bu Tan said that the firm plans to have 75,000 employees by 2025 end, which marks a 31% drop from the 1,08,900 employees it had reported last year. It earlier completed a 15% workforce reduction.