Intel is reducing its workforce, with approximately 107 employees affected at its Santa Clara headquarters, as indicated by a WARN notice. The company plans to cut 15 to 20 percent of its workforce in the chip manufacturing division. This decision is part of a broader strategy for future growth, aiming to become a leaner and more efficient company. Intel has set goals to cut operating costs by billion in the 2025 financial year and an additional billion in 2026.