In October, Intel said it plans to drive nearly $3 billion in annual savings in the near term and $8 billion to $10 billion by the end of 2025, and these savings will majorly come from "people costs" from both operations and sales departments.

source https://www.gadgetsnow.com/tech-news/intel-begins-layoffs-offers-unpaid-leave-to-factory-workers-globally/articleshow/96093540.cms