Intel reportedly planning to lay off 10,000 employees

According to sources heard by Bloomberg, the Intel is expected to lay off about 10,000 employees. This cut would directly affect those who work for the corporation, not employees of independent divisions, such as its subsidiary Alterafocused on FPGA and SoC development.

With the layoffs, the Santa Clara giant expects to cut around US$10 billion in costs by 2025. Intel is expected to confirm the cuts in its workforce later this week, during the announcement of the disclosure of the financial results for the last quarter.

The reduction of 10,000 employees would be a necessary measure for the company to continue investing in research and development. Under the leadership of CEO Pat Gelsinger, the company’s main strategy is to expand its technological capabilities in an attempt to regain leadership in the semiconductor sector. One of the company’s goals is to reach the 1 trillion transistor mark in its processors by 2030.

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This possible wave of layoffs could be confirmed at a delicate time for the company. The numerous problems with 13th and 14th generation processors are generating a strong wave of criticism for the company. Even more so after the company’s second position on the subject. Confirming that chips affected by instability will have permanent damagesince the microcode update that is being developed is just a preventive measure, in order to prevent the loss of control in the chip voltage from affecting more units.