Intel Layoffs Hit Engineers
At Least 15,000 Jobs to Be Cut
Employees Offered Severance Packages
Intel is reportedly laying off at least 15,000 employees, including engineers. The layoffs are part of a cost-cutting measure as the company faces declining sales and increased competition. Employees who have been offered severance packages are being advised to contact a lawyer to review their options.
The layoffs come as Intel is facing a number of challenges. The company's sales have been declining in recent quarters, and it is facing increased competition from companies like AMD and Qualcomm. Intel is also investing heavily in new technologies, such as artificial intelligence and self-driving cars, which could take years to generate a profit.
The layoffs are expected to have a significant impact on Intel's workforce. The company currently has about 100,000 employees worldwide. It is unclear how many of those employees will be affected by the layoffs.
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