https://www.eastbaytimes.com/2024/08/01/intel-tech-economy-jobs-layoff-employment-semiconductor-chips/

SANTA CLARA — Intel has disclosed plans for massive layoffs that will lead to a loss of 15,000 jobs worldwide, a restructuring ushered in by “disappointing” results for the legendary tech titan.

The layoff plans emerged in the wake of Intel’s disclosure of the company’s financial results for the April-through-June second quarter.