Intel Layoffs July 2024. Wall street estimates intel’s sales will increase modestly during the second. Intel plans to cut thousands of jobs to finance a recovery and cope with eroding market share, bloomberg news reported on tuesday, citing people familiar with the matter.

The planned layoffs come after intel announced that it would begin cutting jobs in october 2022. Plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses.