Intel Turns to Job Cuts as Well, Hundreds of Layoffs Planned

Tech giants are one by one jumping on the layoff bandwagon, and after Google, Microsoft, Spotify, and a few others, Intel is now becoming the latest big name to turn to job cuts. While an official announcement in this regard isn’t yet available, Intel has updated the California Worker Adjustment and Retraining Notification (WARN) database with information on planned layoffs, revealing that it wants to let go of some 550 employees. The papers were spotted recently and they only include workers in California, so worldwide, the job cut could be even more massive. At this point, however, Intel looks ready to embrace a very aggressive cost-cutting program, as it wants to reduce spending by as much as $10 billion by 2025. Intel has approximately 120,000 employees around the globe. Spotify job cut announced this week Spotify also announced a reduction of 6 percent of its ...