Intel Layoffs 2024 India Future Plans. Intel plans to cut thousands of jobs to finance a recovery and cope with eroding market share, bloomberg news reported on tuesday, citing people familiar with. Intel is looking to eliminate thousands of jobs as a way to cut costs and fund plans to recover from market share loss and reduced earnings, bloomberg reported.

The layoff at intel india affected employees across the board. Intel has been struggling as businesses turn to rivals such as nvidia, known for its powerful ai chips.