Intel is reducing its workforce by over 15 percent, which means more than 15,000 job cuts from its current 125,000 employees. This action is part of a broader $10 billion cost-saving plan set for 2025. As part of this strategy, the company plans to cut its research and development (R&D) and marketing budgets by billions annually through 2026, reduce capital expenditures by more than 20 percent this year, and restructure its operations to eliminate non-essential work. Additionally, Intel will review all active projects and equipment to ensure that resources are allocated efficiently.

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