Intel Corp. is undertaking a major workforce reduction, planning to cut between 15% and 20% of its global factory workforce, which translates to over 10,000 job losses worldwide starting in July 2025. This move is part of the company's broader cost-cutting and restructuring efforts amid financial challenges, including a reported $19 billion loss and shrinking market share in AI chips. Concurrently, Intel is shutting down its automotive chip division, laying off most employees in that unit to refocus on its core client and data center businesses. Additionally, Intel's new CEO, Lip-Bu Tan, is considering a strategic shift in the company's chip manufacturing operations by potentially discontinuing the 18A process for external customers and instead concentrating on the next-generation 14A process. This change could involve writing off investments in the 18A technology, potentially costing the company hundreds of millions of dollars. The company has also begun issuing layoff notices in specific locations, including over 500 job cuts in Oregon and hundreds of layoffs in Israel, as part of the global reduction plan.