Intel Folsom Layoffs 2024. For the third quarter of 2024, intel expects revenue between $12.5 billion and $13.5 billion, significantly below analysts’ average estimate of $14.35 billion. Illustration by alex castro / the verge.

Intel, the silicon valley chip maker, said on thursday that it would slash more than 15,000 jobs to aid a turnaround plan, as the company tries to recover after a series. Intel has initiated its fifth round of job cuts this year, marking the latest wave of layoffs in the bay area tech industry.