Intel Slashes Over 2,000 Jobs in U.S. as Part of $10 Billion Cost-Cutting Plan

Intel has announced layoffs affecting over 2,000 employees across Oregon, Arizona, California, and Texas. The job cuts are part of a larger effort to reduce costs by $10 billion, as outlined by CEO Pat Gelsinger. The company has also paused key global factory projects amid weak demand. Intel’s restructuring efforts are expected to impact its operations globally as it navigates one of the toughest periods in its history. #Intel #TechLayoffs #CostCutting #PatGelsinger #india Restructuring