The chipmaker just announced it’s downsizing its workforce by over 15 percent as part of a new $10 billion cost savings plan for 2025, which will mean a headcount reduction of greater than 15,000 roles, Intel tells The Verge. The company currently employs over 125,000 workers, so layoffs could be as many as 19,000 people.
Intel will reduce its R&D and marketing spend by billions each year through 2026; it will reduce capital expenditures by more than 20 percent this year; it will restructure to “stop non-essential work,” and it’ll review “all active projects and equipment” to make sure it’s not spending too much.
Hmmm. Intel is not in phones. Not in any of the current gaming consoles. Not in Apple. Doesn’t grind well for crypto or AI. Not in most IOTs . My last laptop I bought AMD because it runs faster, priced cheaper and the onboard video (Radeon) worked better on Linux.
I’m not a loyalist, Intel make a good product so I can give you my money.
Yeah but none of that really matters other than AI. They sell enterprise CPUs. All the consumer level stuff, is essentially recycling. The designs are for the Xeons and highest end devices. Then you design in workarounds for poor yields of giant chips and figure out who you can sell it to.