If Intel was well run they should be producing at least $2 million per employee.
In 2024, the revenue was ~ 53 billion. This would say they should have about 26,500 employees. For mediocre management they should be at ~ 53,000 employees. They are almost 2x that number.
Layoffs will continue until the population drops to 65K. That's the bitter truth...
They are calling it the October Surprise, yet so many have heard of it that they will only be surprised when they are flipped to Green Badge.
Nobody expects the Spanish Inquisition!
@OP 30k? No way. Get a grip!
Next layoff Q4 and Q1. We already in Q3.
20K gone in Q3