Intel to lay off 15,000 more workers this week

The crisis at Intel continues: by the end of the week, the company is expected to lay off another 15,000 employees — about 20% of its workforce, Bloomberg reporters Ian King and Jane Lanhee Lee reported.

Last August, interim CEO Pat Gelsinger halted dividend payments and laid off nearly 15,000 staff in a bid to cut costs.

Now under new leadership, Intel’s CEO Lip-Bu Tan is taking similar steps — simplifying management and letting go of one in five employees.

It\'s unclear which projects will be cut. However, Tan is positioning himself to benefit from Trump-era tariffs by securing chip manufacturing contracts previously held by NVIDIA, AMD, and even TSMC in the U.S.