Intel Corp. reported Q1 2025 results confirming the company plans to lay off up to 20% of its workforce, approximating 22,000 employees. This is part of CEO Lip-Bu Tan's strategy to transform Intel into an engineering-focused enterprise. In an email to employees, Tan outlined efforts to simplify the organizational structure and reduce costs, acknowledging that layoffs are crucial to achieving these goals. Additionally, this move is intended to help Intel regain its competitiveness in the semiconductor sector after previous mass layoffs in 2024.
Intel's new CEO, Lip-Bu Tan, confirmed the company plans to lay off up to 20% of its workforce, which could mean approximately 22,000 job cuts.
In an email to employees, Tan emphasized his vision for Intel to focus on engineering and innovation, necessitating a reduction in costs through layoffs.
Tan's philosophy centers on achieving goals with fewer people, highlighting the need to flatten the organization to eliminate unnecessary bureaucracy.
The coming layoffs are part of a strategy to streamline the company and create a more competitive structure for Intel in the challenging chip market.
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