Intel Layoffs 2024 India Reasons. Pat gelsinger revealed that the company plans to deliver $10 billion in savings by 2025. 15,000 employees to face job cuts as chipmaker eyes $10 billion cost savings plan.

In july 2024, tech industry layoffs continued, affecting over 8,000 professionals across 34 companies. The planned layoffs come after intel announced that it would begin cutting jobs in october 2022.