Layoffs 2024 Intel. Intel is one of the world's leading, largest and highest valued semiconductor chip makers. Plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses.
— intel’s recent earnings report didn’t look promising, despite its chips still being included in several of the best laptops, as the company conveyed a loss of $1.6 billion for q2 2024. Intel posted a 38.7% gross margin, a notable 4.8 percentage points below.