Update on Intel Headcount
HR is back from vacation
While Intel’s management is busy securing their jobs through investor relations with the US government, the culling of the headcount is coming to an end, and a new chapter (or culling) can begin.
The latest headcount reporting, conducted after the earnings call in July, showed that a significant amount of “Our Greatest Strength” had not left the company.
It is safe to assume that most employees now know whether they have survived this round, but the information has not yet been reflected in the reporting.
The last count was 101,400, including Mobileye, and the end-of-year target is 75,000, likely excluding Mobileye.
US semiconductor employment has declined by approximately 25,000 people since the peak, mirroring the decline at Intel. The latest numbers from July 1st suggest an attrition rate of 2,200 jobs a month, mainly due to Intel…