Intel plans July layoffs of 10,000+ staff: How AI boom is impacting it and who’s safe, who’s not

Intel plans significant job cuts in its foundry division starting July. This move could affect over 10,000 employees globally. The layoffs are part of a larger restructuring plan led by CEO Lip-Bu Tan. Intel aims to simplify operations and refocus on engineering. Previous layoffs and financial losses have put Intel under pressure.