Intel layoffs, on the record
Every job cut, severance charge and restructuring Intel reported in its annual reports, 2022 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryIntel announced cost-cutting measures, including a slower pace of hiring and restructuring actions, to reduce operating expenses.
Word for word“We announced the implementation of cost-cutting measures, including a slower pace of hiring and restructuring actions, designed to reduce operating expenditures and manage the business toward our long-term financial strategy.” 10-K for 2022
Our summaryIntel approved the 2022 Restructuring Program in the third quarter of 2022 to rebalance its workforce and operations, with completion expected by the end of 2023.
Word for word“In the third quarter of 2022, the 2022 Restructuring Program was approved to rebalance our workforce and operations to create efficiencies and improve our product execution in alignment with our strategy.” 10-K for 2022
Our summaryIntel reported that it had accrued about $873 million for the restructuring program as a current liability, with $165 million in payments or other adjustments made during the period.
Word for word“As of December 31, 2022, we have accrued $ 873 million as a current liability within Accrued compensation and benefits on our Consolidated Balance Sheets; $ 165 million in payments or other adjustments were made during the period.” 10-K for 2022
| Fiscal year ended | Severance costs | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|---|
| 2019-12-28 | — | — | $393 million | — |
| 2020-12-26 | $124 million | $198 million | $198 million | — |
| 2021-12-25 | $48 million | $2.63 billion | $2.63 billion | — |
| 2022-12-31 | $1.04 billion | $1.07 billion | — | $165 million |
| 2023-12-30 | $222 million | −$424 million | — | — |
| 2024-12-28 | $2.48 billion | $3.49 billion | — | — |
| 2025-12-27 | $1.79 billion | $476 million | — | — |
Intel filed 4 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Intel’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-01-23. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.