Apr 23, 2025 12:51 PM
Apr 23, 2025 12:51 PM
Intel Reportedly Planning Major Layoffs as New CEO Pushes Restructuring Effort
Intel is reportedly preparing to slash over 20,000 jobs in a sweeping cost-cutting move under the leadership of its new CEO, Lip-Bu Tan, according to a Bloomberg report. The layoffs, which could be announced later this week, would mark one of the largest in the company’s history and come just months after Intel cut 15,000 jobs in 2024.