Where are we now? How much more is that going to require?
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@OP Does anyone know how many total employees have been laid off in the last 20 year or so?
As the 10Q note about 14A (and LBT comments) suggest, IFS is on the verge of being split up, if not sold outright.
IFS is a burning platform.
It makes more sense to keep the newest fabs for now and see what external demand can be had for 14A, but it is far past the time when all the other fabs should have been sold.
The company needs that capital to pay for 14A and to work down the debt, as revenue is not showing any growth.
In any case, when production shifts to 18A then those older fabs would be shuttered, so better to sell them now, then have the new owner make the wafers. After they are done with Intel, they can convert the fabs to be industry standard.
If IFS can build business for 14A then that is all on the new fabs, so no risk in losing any business by selling all the older fabs, and entire sites at IS and NM.
This may seem radical but it is less scary than selling all of a failing IFS in a few years because Intel can't afford to keep up the investment. Or just shutting it all down.
stick a fork in it, layoffs are done
We’re at close to 80k now and will attrition the last bit basically to reach 75k. Confirmed in the all company.
Just like that Germany, Poland and Costa Rica sites gone…
Chop chop who is next
@a9 wow, you really don't get it
LBT said core group headcount 75k not overall intel excluding subsidiaries. Most of this year headcount reduction done so I assume by end of year headcount will be bet'n 87k-90k.
@a7 good, no cost reductions
There will be a lot of attrition (thousands) from remote folks leaving because of the RTO mandate
@a1 Intel always hires RCGs and interns regardless of how bad things are going. It is long term investment.
If looking at any headcount data, be sure to exclude other businesses, or you will get a total which is too high.
Really easy to get the math wrong.
Read My Lips: No New Layoffs.
@a2 Thanks for the clarification on the data. So nothing more drastic than what we already know.
There might be a small number of additional layoffs but the existing data does not reflect the groups which are to be shut down, so the layoffs are basically done otherwise.
The earnings release pdf shows it was 96.4 as of 6/28/25. So it doesn't include any of the notification from July. A lot more people need to go to get to 75k.
We will be barely below 90k with this phase as groups did not meet targets, another 15k approximately will be needed to get to 75k, but I see groups already discussing hiring intern’s so they don’t really get it.