Intel Corporation is undertaking a major workforce reduction as part of a broader cost-cutting and restructuring initiative. The company plans to lay off between 15% and 20% of its global factory workforce, amounting to over 10,000 jobs, with most cuts starting in July 2025. These layoffs primarily affect employees in the Intel Foundry division, with a focus on technicians and engineers. Additionally, Intel is shutting down its automotive chip business, resulting in the layoff of most employees in that unit as the company shifts its focus to its core client and data center operations. In the United States, Intel has announced layoffs exceeding 5,500 employees, with significant impacts in California and Oregon, including around 2,400 job cuts in Oregon alone. This downsizing effort follows a $19 billion loss and challenges in maintaining competitiveness in the AI chip market. Intel's restructuring includes flattening its company structure and increasing automation and decentralization efforts.