Intel lays off 35,000 employees, CEO calls it a "necessary price"

Intel is undergoing the largest restructuring in its history, with more than 35,000 employees being cut in just two years.

In less than two years, Intel has laid off more than 35,500 employees in a drastic restructuring campaign by new CEO Lip-Bu Tan.

According to Tom's Hardware, more than 20,000 people will be laid off in 2025 alone in an effort to cut costs.

Lip-Bu Tan, dubbed Silicon Valley's "steel investor," has vowed to end Intel's "unlimited spending" era.

His goal is to return the group to a philosophy of financial discipline and focus on AI chip manufacturing, advanced packaging and 3-nanometer technology.

However, large-scale staff cuts have caused many research projects to be halted, internal morale to decline, and a series of veteran engineers to leave.

Intel expects to have only about 75,000 employees by the end of 2025, down more than 20% from last year.

Tan believes this is a “necessary price” for Intel to revive and compete with rivals like NVIDIA or TSMC.

Analysts say Lip-Bu Tan's gamble could determine the future of the technology icon that once dominated the global semiconductor industry.

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