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Intel To Slash Over 20% of Workforce in Major Restructuring Move
Intel plans to cut more than 20% of its workforce this week, marking the first major restructuring under new CEO Lip-Bu Tan, according to Bloomberg. The cuts aim to eliminate bureaucracy and restore an engineering-centric culture at the struggling chipmaker. This follows last year's reduction of app...
Intel plans to cut more than 20% of its workforce this week, marking the first major restructuring under new CEO Lip-Bu Tan, according to Bloomberg. The cuts aim to eliminate bureaucracy and restore an engineering-centric culture at the struggling chipmaker. Tan, who took over last month, has already begun divesting non-core assets, recently selling a 51% stake in Intel's programmable chips unit Altera to Silver Lake.
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