Layoffs will follow Fibonacci numbers
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60k employees left by the end of 2026 remains my prediction.
The fab restructuring will b an ongoing process, so only referred to in term of cost savings yet could add up to another 20k or something.
Selling or shutting down product groups is also an ongoing process, plus there is Intel Capital to spin off.
So there may not be any company wide reductions for this business cycle. yet the headcount could be closer to 50k in 2 or 3 years.
To be continued.
No no there will be additional 15k in coming year maybe 2 … Intel is over folks
The year is 2027 and Intel announces a further 75% headcount reduction to the remaining 4 employees. Who will remain Nana's Chosen One????