Intel CEO Pat Gelsinger also said in a note to staff that the company is more than halfway to its workforce reduction target of roughly 15,000 by the end of the year, mostly through voluntary early retirement and separation offerings. "We still have difficult decisions to make and will notify impacted employees in the middle of October," Gelsinger said. "Additionally, we are implementing plans to reduce or exit about two-thirds of our real estate globally by the end of the year.