➀ Intel offers a voluntary severance package of €500,000 to employees in Ireland. ➁ Employees must apply by August 23, with approval notifications on September 6 and departure on September 30. ➂ Intel plans to cut 15% of its Irish workforce, potentially affecting 730 employees. ➃ The company reported a net loss of $16 billion in Q2 2024, with disappointing revenue guidance for Q3 2024. ➄ Intel plans to reduce capital expenditures by over 20% for new factories and equipment in 2024.
Related Articles
- Intel reportedly scaling back R&D teams in Israel — several hundred talented staff will be laid offabout 1 year ago
 - Intel Announces Layoffs at Oregon Site, Reducing Workforce by 15,000about 1 year ago
 - Intel Announces Layoffs of Hundreds of Employees in Israel to End of Octoberabout 1 year ago
 - Intel's Gloomy Future May Trigger a Radical Restructuring: Implications for Irelandabout 1 year ago
 - Intel allegedly plans imminent lay off of thousands of employees: Reportover 1 year ago
 - Intel Holiday Bundle Gifts Battlefield 6 Or Another AAA Game With These CPUsabout 10 hours ago
 - Intel Reportedly Eyes Retired TSMC Veteran Wei-Jen Lo to Lead R&D5 days ago
 - Intel Reaffirms 14A, Deepens Nvidia Alliance9 days ago
 - Intel's pivotal 18A process is making steady progress, but still lags behind — yields only set to reach industry standard levels in 202711 days ago
 - Intel posts return to growth and profitability in Q3 2025, but significant challenges remain — achieves $13.7 billion revenue with $4.1 billion operating profit11 days ago