Intel to lay off 15,000 employees in major cost-cutting move

Intel Corp. announced on Thursday that it will cut approximately 15% of its global workforce, amounting to 15,000 jobs, in a bold attempt to streamline its operations and remain competitive with industry leaders like Nvidia and AMD. The sweeping layoffs come as part of a broader strategy to save $10 billion by 2025, according to a memo from Intel CEO Pat Gelsinger.
“Simply put, we must align our cost structure with our new operating model and fundamentally change the way we operate,”…