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Intel’s new CEO will imminently announce 20 percent layoffs, Bloomberg reports.
Link: Bloomberg | | bloomberg.com] Intel had over 120,000 employees after its 2022 layoffs, and its 2024 layoffs brought that total down to 108,900, but the company may downsize again. Bloomberg’s single “person with knowledge of the matter” says new CEO Lip-Bu Tan will cut 20 percent more.
Bloomberg reported 20 percent job cuts were coming this week, but Intel’s Q1 2025 earnings release isn’t saying that. Intel ...
The chipmaker’s new boss, Lip-Bu Tan, told employees that Intel needs to remove “organizational complexity” and become more ...
Shedding employees will provide some relief on costs but analysts are skeptical the company can resolve its major issues.
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Intel Layoffs 2025: 20% staff cuts in major restructuring under new CEO Lip-Bu Tan - ReportsIntel is making headlines with a significant restructuring decision, reportedly laying off 20% of its workforce this week.
Bu Tan, announced that it's laying off staff and tightening its return-to-office rule as the Bay Area giant tries to right ...
Days after a report that Intel was planning to cut one-fifth of its staff, the chipmaker announced that employees would have ...
New Intel chief executive Lip-Bu Tan on Thursday announced upcoming layoffs at the struggling US chip maker as White House ...
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