INTEL plans to lay off 20 per cent of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, reports Hong Kong's South China Morning Post.
The move is part of a bid to streamline management and rebuild an engineering-driven culture, according to a source, who asked not to be identified.
It would be the first major restructuring under new chief executive officer Tan Lip-Bu, who took the helm last month.
The cutbacks follow an effort last year to slash about 15,000 jobs announced in August. intel had 108,900 employees at the end of 2024, down from 124,800 the previous year.
Mr Tan is aiming to turn around the iconic chipmaker after years of Intel ceding ground to rivals.
The Santa Clara, California-based company lost its technological edge and has struggled to catch up with Nvidia in artificial intelligence (AI) computing. That contributed to three straight years of sales declines and mounting red ink.
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The move is part of a bid to streamline management and rebuild an engineering-driven culture, according to a source, who asked not to be identified.
It would be the first major restructuring under new chief executive officer Tan Lip-Bu, who took the helm last month.
The cutbacks follow an effort last year to slash about 15,000 jobs announced in August. intel had 108,900 employees at the end of 2024, down from 124,800 the previous year.
Mr Tan is aiming to turn around the iconic chipmaker after years of Intel ceding ground to rivals.
The Santa Clara, California-based company lost its technological edge and has struggled to catch up with Nvidia in artificial intelligence (AI) computing. That contributed to three straight years of sales declines and mounting red ink.
SeaNews Turkey
