Intel Restructures Amid Jobs Cuts and Revenue Decline
Tuesday, April 22, 2025, 11:20 pm
Reports indicate that Intel is bracing for a major overhaul as the chipmaker prepares to slash more than 20,000 jobs—roughly 20% of its workforce—amid its fourth straight revenue slump. CEO Lip‐Bu Tan is spearheading this aggressive restructuring to stem the tide of mounting business challenges.
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The post Intel's upcoming layoffs to affect 20% of its staff, report claims appeared first on Android Headlines.
Intel Reportedly Slashing Workforce To 2007 Levels Intel's new turnaround strategy aims to prepare it for the 2030s. This includes a potential partnership with Taiwan Semiconductor Manufacturing to bolster 'America First' advanced chip production and a deal with Silver Lake Management…
New Intel CEO Lip-Bu Tan has reportedly initiated plans for layoffs exceeding 20% of staff, aiming to cut bureaucracy ahead of the Q1 earnings call. The post Report: Intel to Cut Workforce by More than 20% This Week appeared first on WinBuzzer.
Intel Plans to Cut More Than 20% of Staff The Information
These layoffs will be the first major action taken by CEO Lip-Bu Tan, who started in his role last month.
Intel is set to cut over 21,000 people, or roughly 20% of its workforce, with an announcement due this week, according to a Bloomberg report. The news comes ahead of Intel’s Q1 earnings call helmed by recently appointed CEO Lip-Bu Tan, who replaced longtime chief Pat Gelsinger last year. With the…
Intel is reportedly planning to cut over 20,000 jobs as part of new CEO Lip-Bu Tan's push to streamline management, reduce costs, and refocus the company amid ongoing business struggles.
Tan, who became CEO in March after leaving Intel’s board in 2024, has started restructuring leadership.
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