The previous 12 months has been something however constructive for tech large Intel. The corporate has suffered nightmarish processor woes, been eradicated from the devoted graphics card market, and, so as to add insult to damage, laid off 15,000 staff final 12 months. Sadly, these layoffs weren’t the top of it and extra look like in retailer for the corporate.
Bloomberg studies that Intel plans to put off one other 21,000 staff, or about 20 p.c of its total workforce. The corporate is predicted to announce the layoffs later this week.
Intel’s newly appointed CEO Lip-Bu Tan—who got here on in March 2025, changing Pat Gelsinger after he stepped down in December 2024—goals to streamline administration and rebuild a piece tradition that’s targeted on expertise and engineering, in line with Bloomberg.
Tan mentioned all the best issues when he made his opening statements as Intel’s new chief govt final month, asking for “brutal honesty” whereas promising to “flip issues round” and capping all of it off with a daring declare: “I’ll make it good.” As devastating as it’s for a corporation to slash a fifth of its workforce, we will solely wait and see if this transfer is what Intel must re-establish itself and make a much-needed comeback.
This text initially appeared on our sister publication PC för Alla and was translated and localized from Swedish.
