Intel hopes to have just 75,000 core employees by year-end, about a third fewer than it had at the end of 2024.

"We are making hard but necessary decisions to streamline the organization," writes the tech giant's CEO in a memo to employees.

Updated: Our sources tell us mostly back office staff were let go, and that the mood in the office is very pessimistic

Reports of job losses at Intel are reaching critical mass. In the past week, layoffs totalling around 4,000 people are reported to have hit Intel sites across California, Oregon, Texas and Arizona. As bad as these losses are,

Intel, the Bay Area tech giant whose failure to innovate alongside other major chipmakers has turned it into a laggard of the artificial intelligence era, is more than doubling its planned layoffs in California.

Intel CEO Lip-Bu Tan warned in April that the quest for efficiency would be accompanied by painful job losses. The semiconductor company had previously disclosed its intentions to cut 20% of its global workforce, which would equate to 21,000 workers worldwide.

Intel has filed documents revealing that the company plans to lay off as many as 5,000 workers in an effort to make the company faster and leaner.

Intel Corp. is laying off more than 5,000 employees across four states in the latest round of job cuts from the chipmaker.

The latest job cuts come after Intel already let go of 15,000 workers earlier this year. The company is now expanding the layoffs beyond its earlier estimate of 4,000 jobs.

Intel is undergoing a significant and painful restructuring effort, which includes substantial workforce reductions.