[lynguist]

Intel headcount in 2022 was 131,900. Intel’s projected headcount for 2025 is 75,000. Intel fired 43% of its staff over the course of 3 years (when approximating natural retirements at zero and assuming a stop in new employments).

[ac29]

> Intel headcount in 2022 was 131,900.

Not sure if you intentionally picked the all time high headcount, but you did.

Intel's headcount was relatively stable between 100-110k people between 2014 and 2021 [0]. So, getting down to 75k is definitely still a major reduction, but 2022 was also an outlier. A lot of companies overhired during Covid, and Intel particularly was the beneficiary of WFH pulling in a lot of corporate spending on laptops etc.

[0] https://morethanmoore.substack.com/p/intel-2025-q1-financial...

[sys_64738]

But the statistic parent poster showed is still correct.

[irrational]

And who did they fire? Everyone with longevity and experience. Makes sense from an accountant’s perspective. Those would be the people with the highest salaries. Doesn’t make sense from a technical perspective.

[HDThoreaun]

Intel is/was a Bureaucratic hell hole. The people with longevity and experience definitely needed to be on the chopping block. Time for some creative destruction over there, the longest tenured are the ones who set the culture and the culture was crap.

[electriclove]

More cutting is needed. Nvidia has 36000 employees today.

[hn_throwaway_99]

NVidia is fabless, so that's an awful comparison.

[tibbar]

It's honestly impressive. Even during the major tech cuts of 2022-2023, I think many companies ended up about the same size or a even little larger over the course of a year, due to all the other hiring happening and the fact that the cuts may have partially overlapped with existing performance management anyway. 43% an incredible shrinkage for any company in such a short timescale.