
Intel to layoff 10,000+ employees, and why none of them will be getting any severance
Intel is preparing to lay off between 15% and 20% of its Intel Foundry workforce beginning in July, marking one of the largest job cuts in the semiconductor giant’s history. The layoffs are expected to affect more than 10,000 employees worldwide, representing roughly one-fifth of the company’s manufacturing division.“These are difficult actions but essential to…