Intel confirms layoffs as it tries to 'make engineers more productive'

Intel plans a major restructuring under new CEO Lip-Bu Tan, potentially leading to layoffs of about 20% of its workforce as part of efforts to reduce bureaucracy. This follows previous job cuts aimed at cutting costs amidst declining sales, particularly with the rise of AI technology. Tan emphasizes a need for leaders to operate efficiently with fewer employees and focuses on enhancing competitive AI-related products, indicating a shift in strategy to better align with industry changes and customer demands.

I'm a big believer in the philosophy that the best leaders get the most done with the fewest people. We will embrace this mindset across the company, which will include empowering our top talent to make decisions and take greater ownership of key priorities.

My focus will be ensuring that our team builds products that are highly competitive and meet the needs of our customer as we enter a new era of computing, defined by AI agents and reasoning models.

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