Intel Layoffs 2024 India Employees Affected. Plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses. It companies lay off 100,000 employees till july 2024 major it firms such as intel, microsoft, intuit, among others have laid off 124,517.

Several companies have announced layoffs to cut costs, and intel has taken a different approach to avoid cutting thousands of jobs. Intel, which employed 116,500 people as of june 29, excluding some subsidiaries, said the majority of the job cuts would be completed by the end of 2024.