The article is estimating 15,000; however, Intel confirmed a "more than 15% headcount reduction". As of June 29, 2024, according to their Q2 2024 release: Int

The article is estimating 15,000; however, Intel confirmed a "more than 15% headcount reduction". As of June 29, 2024, according to their Q2 2024 release: Intel: 116,500 employees Mobileye & other subsidiaries: 5,300 NAND: 3,500* Intel total: 125,300 * NAND employees will automatically move to SK Hynix after the divesture is complete. Source: https://www.intc.com/news-events/press-releases/detail/1704/intel-reports-second-quarter-2024-financial-results https://www.intc.com/news-events/press-releases/detail/1704/... 15% * 116,500 = 17,475 employees (low estimate) 15% * 125,300 = 18,795 employees (high estimate) Thus, it will be more than 15,000 employees for sure. :( // Written another way: at least 1 in 7 Intel employees will be let go. I don't know how a CPU & foundry can fire 15% in two quarters without significant negative repercussions. It's a very sad day for Intel employees.