Intel Layoffs July 2024 News. Layoff trends in the tech sector continued in july 2024, with the loss of over 8,000 jobs across 34 tech firms. Plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses.
The bulk of the layoffs are expected to be completed this year. Intel, the silicon valley chip maker, said on thursday that it would slash more than 15,000 jobs to aid a turnaround plan, as the company tries to recover after a series of stumbles.