इंटेल ने 15,000 कर्मचारियों को नौकरी से निकाल दिया। सीईओ ने कहा कि ‘आने वाले दिन दर्दनाक लेकिन और भी कठिन होंगे।’

इंटेल ने 15,000 कर्मचारियों को नौकरी से निकाल दिया। सीईओ ने कहा कि ‘आने वाले दिन दर्दनाक लेकिन और भी कठिन होंगे।’

Intel lays off 15,000 employees. CEO says ‘painful but more tough days ahead’.

Intel CEO Pat Gelsinger announces job cuts to save $10 billion by 2025, reducing the workforce by 15%, with enhanced retirement and voluntary departure programs.

  • Technology
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  • 02, Aug, 2024
Jyoti Ahlawat
Jyoti Ahlawat
  • @JyotiAhlawat

Intel lays off 15,000 employees. CEO says ‘painful but more tough days ahead’.

Intel CEO Pat Gelsinger informed employees about upcoming job cuts aimed at saving money and reducing costs. In a memo, he revealed the company's plan to achieve $10 billion in savings by 2025, resulting in a 15% workforce reduction. Intel will announce an enhanced retirement offering for eligible employees and a voluntary departure application program next week.

Gelsinger stated, “This is painful news for me to share. I know it will be even more difficult for you to read. This is an incredibly hard day for Intel as we are making some of the most consequential changes in our company’s history.” He noted that Intel’s costs are too high and margins too low, emphasizing the need for bold actions given the financial results and tougher outlook for the second half of 2024.

Explaining his decision to employees, Gelsinger said, “These decisions have challenged me to my core, and this is the hardest thing I’ve done in my career. My pledge to you is that we will prioritize a culture of honesty, transparency, and respect in the weeks and months to come.” He added, “I believe that how we implement these changes is just as important as the changes themselves, and we will adhere to Intel values throughout this process.”

He also warned of more challenging days ahead, saying, "But as difficult as all of this is, we are making the changes necessary to build on our progress and usher in a new era of growth.”

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Jyoti Ahlawat

Jyoti Ahlawat

  • @JyotiAhlawat