Intel

TechnologyAI-Cited Layoffs
United States1 layoff round tracked
15,000

Total Jobs Cut

August 2024

Most Recent

15,000

Largest Single Layoff

Yes

AI Cited

Layoff Timeline

August 2024

15,000 jobs cut(15% of workforce)
AI-CITED

Reason: Poor Q2 results; costs too high, margins too low; pivot to AI chips

About Technology Layoffs

843,338

Total industry layoffs

39%

AI-cited events

Sources

Computerworld

Poor Q2 results; costs too high, margins too low; pivot to AI chips

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