Intel's New CEO Unveils Major Restructuring with Layoffs and Enhanced Office Mandate
• 1 min read
Intel's CEO Lip Bu-Tan announces sweeping changes including workforce reductions, $1.5B cost cuts, and stricter return-to-office policies. The transformation plan aims to eliminate bureaucratic layers and shift focus to engineering excellence as Intel positions for future competitiveness.
Intel Plans Historic 20% Workforce Cut Amid Strategic Overhaul
• 1 min read
Intel is preparing to announce over 20,000 job cuts globally this week as new CEO Lip-Bu Tan aims to streamline operations and restore engineering focus. The semiconductor giant's dramatic restructuring follows declining sales, losses, and mounting competitive pressures in the AI chip market.