Intel INTCRestructuring
Intel books $1.9 billion in restructuring charges and cuts core workforce 15%
Filed Jul 24, 2025Original
An 8-K is the report a US listed company files within four business days of a material event.
What the company reported
- Under the 2025 Restructuring Plan, Intel expects to cut its core workforce by 15% by the end of fiscal 2025.
- It expects $1.9 billion of restructuring charges, $1.8 billion of them recognized in the second quarter of 2025.
- Headcount reductions carry $1.4 billion in charges and asset impairments come to $416 million.
- Second-quarter revenue was $12.9 billion and the loss per share was $0.67.
Items reported
- 2.02 Results
- 2.05 Restructuring costs
- 9.01 Exhibits
The company's own filing, put into Korean. The numbers are the filing's.