Until the end of 2025.
Judging by the first impressions of Intel’s quarterly report, which were also presented by the resource The Vergethe company’s current management has decided to take serious measures to reduce operating costs, production costs and capital expenditures. In total, these measures, combined with the decision to suspend dividend payments from the fourth quarter of this year, should reduce the company’s overall expenses by $10 billion by the end of 2025.
Image source: Intel
The most socially significant decision in this set of measures is Intel’s readiness to cut more than 15% of its staff by the end of next year, which is at least 15,000 people, excluding the parent corporation’s subsidiaries. The bulk of the staff reductions will be carried out by the end of the current half of the year. The company will reduce operating expenses in the form of research and marketing costs by about 20%, capital expenditures will be reduced in the same proportion this year and next, and fixed costs in the cost of production will decrease by $1 billion. The company also expects that the transition to mass production of Panther Lake processors in 2026 will reduce production costs, since it will manufacture their crystals independently using Intel 18A technology, unlike Lunar Lake and Arrow Lake processors, whose crystals will be produced on the TSMC conveyor and purchased by Intel at the prices determined by the contractor.
