Intel CEO Slashes Jobs and Cuts Costs Amid Financial Crunch

April 25, 2025, 10:20 am

Intel’s top brass has announced drastic organizational changes, including massive layoffs, stricter in-office mandates, and deep spending cuts amid financial pressures. This bold restructuring move aims to streamline operations in a tough economic climate, leaving employees to wonder if cost-cutting might come with a side of corporate austerity.

techinasia.com / Intel’s shares fall after weak Q2 outlook

The company projected revenue between US$11.2 billion and US$12.4 billion for the June 2025 quarter.

tomshardware.com / Intel posts flat year-over-year earnings and bleak outlook, warns about macroeconomic pressures

Intel reports flat revenue but deeper losses and lower margins in Q1 2025 as well as gives a bleak Q2 guidance driven by macroeconomic and trade-related uncertainties.

techspot.com / Intel CEO announces massive layoffs, stricter in-office mandates, and huge spending cuts

In a note to investors, Tan wrote that Intel would be streamlining its operations. That means cuts to various departments, the end of non-core products, a change to the return-to-office mandate, and layoffs.Read Entire Article

winbuzzer.com / Intel CEO Lip-Bu Tan Mandates Sweeping Overhaul, Confirms Job Cuts Amid Financial Pressure

Intel's new CEO has mandated an organizational overhaul with job cuts starting Q2, aiming to boost efficiency amid financial struggles and competitive pressure. The post Intel CEO Lip-Bu Tan Mandates Sweeping Overhaul, Confirms Job Cuts Amid Financial Pressure appeared first on WinBuzzer.

permalink / 4 stories from 4 sources in 40 hours ago #earnings #tradepolicy #stockmarket

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