Following the release of Intel's second-quarter financial report on July 25, CEO Pat Gelsinger penned an internal letter to employees outlining significant transformational steps the company would undertake. These measures entail a workforce reduction of approximately 15%, bringing the total employee count down to 75,000 by year-end; a revision of global factory construction plans involving the cancellation of projects in Germany and Poland, as well as a deceleration of construction in Ohio; and a renewed focus on core technology strategies, allocating resources to the development of AI chips and advanced process technologies. The objective is to streamline operations, enhance efficiency, and revitalize Intel's competitive edge. The financial report revealed a total revenue of $12.9 billion for the second quarter, marking a modest year-over-year increase but accompanied by a net loss of $2.9 billion. Gelsinger emphasized that the company will implement measures to align future investments directly with customer commitments and orders, aiming to reclaim market share.