Intel says it will retreat from planned projects in Germany and Poland, end its assembly and test operations in Costa Rica, and finish 2025 with just around 75,000 “core employees” in total.
Intel employed 109,800 people at the end of 2024, of which 99,500 were “core employees,” so the company is pushing out around 24,000 people this year — shrinking Intel by roughly one-quarter.
https://www.theverge.com/news/713388/intel-q2-2025-leave-germany-poland-costa-rica
@OP Intel has now all but exited the U.K. - the campus is gone, majority let go - a handful of people left , largely from acquisitions ; a few account managers that’s it …. 2.5k at its peak, I’d say less than 200 remain. Meanwhile , all the comp hiring like crazy … d-mb as--s
75K or 14a Bust !
Intel going into Chapter 11 reorg soon. Maybe worse, full blown bankruptcy. Fire the board and hire chief design scientist only. MBAs and layers have ruined corporations for eons.
Costa Rica cannot compete nice folks but lack luster employees shut the whole thing in Belen down.
This is the second time that they have shutdown the Costa Rica ATM factory. Great people to work with too bad Intel treats them so poorly. I wish the well.
@OP if only you could have included a Family Guy gif, of the koolaid man slowly retreating from the church after busting through a wall and saying 'Oh Yeah'
To costing clarify, it’s only the planned fab and assembly facilities being shut down in those countries.
OP, are you just summarizing what has already been posted?