Intel wants to fire a quarter of its payroll by the end of 2025 and cancels its projects in Europe

The worst was therefore to come for the Blue team: after 5,000 layoffs engaged in Oregon, Arizona and California states this month, it is now through the whole globe that Intel operates its restructuring, with the objective of reaching 75,000 employees by the current end of the year; And, therefore cancels many long-term projects, especially in Europe.

It’s in his last quarterly that the CEO LIP-BU Tan detailed its strategy for “form a more dynamic, horizontal and agile organization“, a corporate semantic pirouette to signify a significant reduction in its payroll. The objective is now to reach”About 75,000“Employed by the end of 2025. At the end of 2024, the total intel workforce totaled 95,500 employees in its main branches.

Europe goes under the cleaver

Still in this same quarterly report, Intel finally clarifies the status of its factory projects in Europe, in particular its “Mega-Fabric” in the city of Magdeburg, Germany. Announced in 2022 for commissioning in 2027, this giant factory which was to launch the 1.5 Nm engraving process was finally pushed before being paused in November 2024. It will never open its doors, cutting 3,000 potential new posts. A similar decision was made in Poland, with the cancellation of an assembly plant in the city of Wroclaw.

Across the Atlantic, intel providing for “consolidate“His assembly activity in Costa Rica to its factories in Vietnam, keeping only 2,000 employees in the South American country. The construction plans of” FAB “in Ohio are not canceled, but the manufacturer declares to limit his investments in the North American state.

In the transcription From his last call to investors, Tan claims to want “Build a more financially disciplined foundry“And not to believe”in the adage that must be built to see [les clients] come“, In a total disavowal of the major technological ambitions of his predecessor Pat Gelsinger. If the arrival of Intel A18 fleas in 1.8 nm always seems on the way, Tan advises that”capital increase“For the future A14 range in 1.4 Nm cannot be viable”without an important external customer“.

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