Bloomberg reported 20 percent job cuts were coming this week, but Intel’s Q1 2025 earnings release isn’t saying that. Intel is “taking actions” that include “streamlining the organization, eliminating management layers and enabling faster decision-making,” but doesn’t say how many jobs. It does hope to save an extra $0.5 billion in 2025, more in 2026, and will have “restructuring charges associated with these actions.”