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Intel's new CEO warns employees about 'tough decisions', but Wall Street cheers
Is the chainsaw coming?
However, in a letter to employees preceding the call, he emphasized plans to work hard and build a world-class foundry, which may imply that Tan intends to keep the company unified for now. While Intel announced cuts affecting over 15% of its workforce, Tan believed the reductions were insufficient and should have targeted middle management, which he viewed as a barrier to innovation. Analysts like Stacy Rasgon from Bernstein noted that Tan's longstanding experience in the semiconductor sector lends him significant credibility and could signal hope for Intel's recovery.
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