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Intel confirms it will dramatically cut its workforce by the end of 2025
Intel provided more detail about the scope of its planned changes while sharing its second-quarter earnings results.
The business will no longer embark on new projects in Germany and Poland, and it said it will consolidate its Costa Rican testing and assembly operations into existing efforts in Vietnam and Malaysia. "Our operating performance demonstrates the initial progress we are making to improve our execution and drive greater efficiency," said Lip-Bu Tan, who has been forthright about his plans to downsize since assuming the CEO title in March. Tan was brought in to replace Pat Gelsinger in an effort to turn around Intel's business following a long, slow slide into financial trouble.
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