Illustration by Alex Castro / The Verge
Intel’s on a long, long road to recovery, and over 10,000 workers will likely no longer be coming along for the ride. The chipmaker just announced it’s downsizing its workforce by 15 percent, as part of a new $10 billion cost savings plan. With 125,300 employees as of June 29th, that will likely mean a substantial number of layoffs.
The company just reported a loss of $1.6 billion in Q2 2024, substantially more than the $437 million it lost last quarter. It’s n...
