Get the latest tech news
Intel CEO announces layoffs, restructuring, $1.5 billion in cost reductions, expanded return to office mandate
Workforce and management cuts to become more severe.
Intel CEO Lip Bu-Tan announced a series of sweeping measures today, including an unspecified number of layoffs, a company restructuring, the elimination of non-core products, and an expanded return-to-office mandate. The announcement comes as the company presented its disappointing first-quarter earnings report today, causing the stock to decline by 5%. OKRs are a goal-setting method pioneered by company legend Andy Grove that was later discarded, but then loudly resurrected by ex-CEO Pat Gelsinger.
Or read this on r/technology
