Intel Layoffs 2024 Oregonian. “simply put, we must align our cost. The company is seeing widening losses, low growth forecasts and a negative cash flow caused by huge investments in new factories.

On friday, after publishing worse than expected financial results and announcing the 15% layoffs, for the first time in decades, intel’s market fell below $100 billion to $97 billion. The company is seeing widening losses, low growth forecasts and a negative cash flow caused by huge investments in new factories.