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6/22/2025, 2:54:03 PM
>Update on Intel mass layoffs: NO SEVERANCE
>Intel cutting 15-20% of its Foundry workforce (over 10,000 jobs)
>No buyouts.
>No early retirements.
>No severance.
>Just job cuts based on performance scores, automation, and “strategic alignment.” This is Intel’s third round of layoffs in a year, but the first with zero cushion.
>Why no severance? Intel is classifying cuts as "performance-based" or "project-based", allowing them to sidestep packages, especially at global fabs. They see it as a cost-saving move because of recent losses ($821M in Q1) and the stall of CHIPS Act.
>More layoffs coming for Intel Marketing departments. Intel is outsourcing key roles to Accenture and AI tooling. No severance confirmed for upcoming marketing layoffs as well
>Intel cutting 15-20% of its Foundry workforce (over 10,000 jobs)
>No buyouts.
>No early retirements.
>No severance.
>Just job cuts based on performance scores, automation, and “strategic alignment.” This is Intel’s third round of layoffs in a year, but the first with zero cushion.
>Why no severance? Intel is classifying cuts as "performance-based" or "project-based", allowing them to sidestep packages, especially at global fabs. They see it as a cost-saving move because of recent losses ($821M in Q1) and the stall of CHIPS Act.
>More layoffs coming for Intel Marketing departments. Intel is outsourcing key roles to Accenture and AI tooling. No severance confirmed for upcoming marketing layoffs as well
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