Intel says it has completed majority of planned layoffs

Intel has said that it has completed the majority of the layoffs it announced earlier this year which will reduce its global workforce by around 15%.

The US chipmaker has published its latest financial results showing second-quarter revenue of $12.9bn (€10.9bn), which was flat year-on-year.

Last month, Intel told the Government that up to 195 staff could face compulsory redundancy at its plant in Leixlip, Co Kildare.

Around 4,900 people are employed at the facility.

In a statement accompanying its results, Intel said the headcount reduction is designed to create a faster-moving, flatter and more agile organisation.

“As a result of these actions, the company recognised $1.9 billion in restructuring charges in the second quarter of 2025,” the company said.

“Intel plans to end the year with a core workforce of about 75,000 employees as a result of workforce reductions and attrition,” it added.

Intel CEO Lip-Bu Tan said the company’s operating performance demonstrated the initial progress being made to improve execution and drive greater efficiency,.

“We are laser-focused on strengthening our core product portfolio and our AI roadmap to better serve customers,” he said.

“We are also taking the actions needed to build a more financially disciplined foundry. It’s going to take time, but we see clear opportunities to enhance our competitive position, improve our profitability and create long-term shareholder value,” he added.

In a message to Intel employees, Mr Tan said the company had delivered revenue above the high end of its guidance.

He said: “I know the past few months have not been easy. We are making hard but necessary decisions to streamline the organisation, drive greater efficiency and increase accountability at every level of the company.”

The Intel CEO said it had completed a significant amount of its workforce reductions in the second quarter of the year, streamlining the number of management layers by about 50% in the process.

“We are also on track to implement our return-to-office policy in September, with sites completing necessary improvements to operate at full capacity.”

“We will become a faster, more agile and more vibrant company. We will eliminate bureaucracy and empower engineers to innovate with greater speed and focus.”

Mr Tan said that over the past several years, the company had invested too much, too soon, without adequate demand.

“In the process, our factory footprint became needlessly fragmented and underutilised,” he added.

He told employees that Intel will not be moving forward with previously planned projects in Germany and Poland, and will further slow construction of a new plant in Ohio.

Mr Tan said there would be no more blank cheques, adding: “Every investment must make economic sense.”