Intel Layoffs July 2024 Intel. Thousands of intel employees are expected to be laid off later this month to cut costs amid a steep decline in demand for pc processors, according to bloomberg. Intel posted a 38.7% gross margin, a notable 4.8.

Intel, the silicon valley chip maker, said on thursday that it would slash more than 15,000 jobs to aid a turnaround plan, as the company tries to recover after a series of stumbles. In july 2024, tech industry layoffs continued, affecting over 8,000 professionals across 34 companies.