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Intel is laying off employees again.

In early August, along with Intel’s earnings announcement, there was a notice of 15,000 layoffs.

Intel CEO Pat Gelsinger said this is part of the company's $10 billion cost-cutting plan. "I have no illusions that the road ahead of us will be smooth. Neither should you. Today is a difficult day for all of us, and there will be more difficult days to come."

However, Intel did not give a specific detailed layoff plan.

Regarding the extent to which layoffs will affect Chinese business, Intel told the Times Weekly reporter: "This reduction measure is global. The company will not announce the number of employees affected by specific regions or locations." Intel said that Intel is working hard to accelerate its strategy while significantly reducing costs. It will reduce costs and improve efficiency through a variety of measures, including cutting positions in some businesses and functional departments across the company.

Intel's (INTC.O) second quarter 2024 financial report data showed that the second quarter revenue was $12.8 billion, down 1% from the previous year, with a gross profit margin of 38.7%; under GAAP (generally accepted accounting principles), the net profit loss was $1.6 billion. Intel's wafer foundry, which has high hopes, had revenue of $4.3 billion, down 1% from the previous quarter.