About This Trend
Intel is a leading global technology company focusing on chip design and manufacturing.
According to CNBC, Intel recently reported its Q2 2025 earnings, beating revenue expectations but announcing significant strategic changes. The company plans to slash its workforce to 75,000 by the end of the year, down from 99,500, and cancel billions in projects. CEO Pat Gelsinger emphasized 'no more blank checks' for underperforming initiatives. This comes amid forecasts of steeper losses and a 7% expected drop in sales to $11.92 billion for the quarter. A detailed report highlights the company's efforts to regain competitiveness in the chip market.