Intel Cuts 15% of Workforce, Bets Big on AI and Efficiency

Intel CEO sent an internal memo announcing Q2 results exceeding expectations, but also a 15% workforce reduction, bringing the global employee count to roughly 75,000. This move aims to boost efficiency, cut costs, and reshape the company culture. Future strategy centers on three pillars: 1. A more financially disciplined foundry business, canceling some factory projects and prioritizing Intel 18A and 14A; 2. Revitalizing the x86 ecosystem, strengthening market share in client and server segments; and 3. Refining the AI strategy, focusing on inference and agentic AI. Intel is striving to build a leaner, more efficient, and future-focused company.