Intel(US:INTC) Huan Qiu Wang·2025-06-19 06:53Group 1 - Intel plans to initiate a large-scale layoff in July 2025, targeting 15% to 20% of factory employees, marking the first major personnel adjustment since the new CEO took office in March 2023 [1][3] - The company is currently facing a significant financial challenge, reporting an overall loss of $1.6 billion, which has prompted the layoff plan and strategic adjustments [1][4] - The layoffs will impact thousands of employees globally, with the contract manufacturing department being particularly affected [3] Group 2 - The layoffs are expected to begin in mid-July and aim to be completed by the end of the month, with core factory employees facing the most pressure [3] - Intel has previously conducted layoffs in 2024, affecting 15,000 employees, including 3,000 in Oregon, which is the company's largest production base [4] - The company is prioritizing cost control and operational efficiency amid increasing competition in the personal computer and data center markets, as well as lagging in the rapidly growing artificial intelligence sector [4]