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.
INTC was clearly inflated in 2022 - it rose up with all the COVID hype, so yes, it is misleading. It's like looking at Gamestop stock right when it was artificially boosted by Wallstreetbets, and saying "Look at its decline!"
There's a difference between "misleading" and "wrong". One can be factually correct while still misleading. It is the skillset of lawyers and journalists.
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...