New Intel boss is all about ‘de-laborating’ the x86 giant – aka job cuts
Intel’s new CEO, Lip-Bu Tan, is gearing up for significant job cuts in an effort to streamline the workforce and enhance the company’s financial stability. Reports suggest that Intel may reduce its headcount by as much as 20%, impacting around 20,000 employees. This initiative, referred to as “de-laborating,” is aimed at making critical operational changes that the company believes are necessary for future success.
Key Points
- Upcoming layoffs could see Intel slash up to 20% of its workforce, approximately 20,000 jobs.
- CEO Lip-Bu Tan describes the initiative as “de-laborating” to improve operational efficiency.
- Intel’s recent Q1 2025 revenue was flat year-on-year at $12.7 billion.
- The company has already executed multiple layoffs, reducing headcount to 102,600 by March 2025.
- Intel is tightening its financial belts with reduced operating expense targets for 2025 and 2026.
- New policies are being implemented to enforce a hybrid work model, mandating more in-office days.
Why should I read this?
If you’re keen on understanding the future of one of the biggest players in the tech world, this article is a must-read! Intel’s restructuring efforts could reshape the entire semiconductor landscape, and if you’re invested in technology or the market, knowing these shifts can help you stay ahead of the curve. We’ve done the legwork for you, so you can get the essentials without sifting through all the noise.