The layoffs comes despite better-than-expected revenue in Intel’s second-quarter results, as new CEO Lip-Bu Tan seeks to reset the chipmaker's strategic direction amid mounting losses and fierce industry competition.

Intel reported $12.9 billion in revenue for Q2 2025, surpassing analyst expectations of $11.92 billion, but still recorded a net loss of $2.9 billion for the quarter – an increase from a $1.61 billion loss a year earlier.

The cuts represent one of the most significant restructurings in Intel's history, and Tan acknowledged their severity in a memo to employees last week.

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