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535 Intel cuts back spending, workforce as struggling chip maker mounts comeback

Silicon Valley
Associated Press @ Silicon Valley · 07/25/2025 10:26 EDT

Intel cuts back spending, workforce as struggling chip maker mounts comeback

In a memo to employees Thursday, CEO Lip-Bu Tan said Intel plans to end the year with 75,000 “core” workers excluding subsidiaries, through layoffs and attrition.

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