According to a report by Bloomberg, Intel is planning to lay off around 20% of its current workforce.
This would be the company’s second mass layoff in less than a year. In August 2024, Intel laid off 15,000 employees.
After that, Intel had about 108,900 employees at the end of 2024. A 20% cut in the workforce could result in more than 21,000 employees losing their jobs.
The mass layoffs would be at the core of Intel‘s CEO Lip-Bu Tan‘s strategy, who plans to restructure the company to “focus” on an “engineering-driven” approach, while eliminating “bureaucracy” and cutting costs.
The last round of layoffs mainly targeted positions in sales, marketing, and administration. It is not clear exactly which positions will be eliminated this time.
However, Tan, who took over as CEO last month, is apparently interested in eliminating some of the company’s management positions.
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