Newsweek World
  • Business
  • Economics
  • Markets
  • Technology
Subscribe
  • Login
No Result
View All Result
  • Business
  • Economics
  • Markets
  • Technology
No Result
View All Result
Newsweek World
  • Subscribe
Home Business

Intel Plans to Cut Over 20% of Workforce in Major Restructuring Under New CEO

Levi Farrer by Levi Farrer
April 23, 2025
in Business
Intel Plans to Cut Over 20% of Workforce in Major Restructuring Under New CEO

Bloomberg News reports Intel Corp. plans to announce workforce reductions exceeding 20% during this week under new CEO Lip-Bu Tan. The employee reductions will affect 22,000 staff members from Intel’s total workforce of 108,900 employees at the end of 2024. The company made its first major workforce reduction last year when it cut 15,000 positions to optimize operations.

The restructuring according to Bloomberg seeks to create a simpler management structure while bringing back Intel’s traditional engineering-based culture. Tan took leadership in March and has started by selling Altera through majority stake divestitures while planning to spin off non-core units as part of his company-wide turnaround strategy.

Intel has not provided any immediate statements regarding this matter. The company plans to disclose its first-quarter financial results on Thursday while dealing with its delayed AI chip progress and Chinese trade disputes under the Trump administration. The stock value of Intel has decreased by 20% during the previous month and 43% throughout the last year because investors doubt its market competitiveness.

The semiconductor market’s fast evolution has forced Intel to conduct extensive layoffs because its competitors have outpaced the company in AI and other fast-growing sectors. The extensive nature of the layoffs demonstrates the severe challenges Intel faces while Tan’s restructuring efforts indicate a shift toward operational efficiency and core engineering capabilities.

Tags: Intel
Previous Post

Apple and Meta Face Hefty EU Fines for Digital Markets Act Violations

Next Post

OpenAI Expresses Interest in Acquiring Chrome if Google Is Forced to Sell

Related Posts

Yum Brands Names CFO Chris Turner as New CEO
Business

Yum Brands Names CFO Chris Turner as New CEO

Kering Hires Renault CEO De Meo to Revive Gucci
Business

Kering Hires Renault CEO De Meo to Revive Gucci

Nissan Eyes $640 Million Renault Stake Sale, CEO Says
Business

Nissan Eyes $640 Million Renault Stake Sale, CEO Says

OpenAI to Maintain Ties With Scale AI After Meta Deal
AI

OpenAI to Maintain Ties With Scale AI After Meta Deal

Paramount Slashes 3.5% of US Workforce in Latest Cuts
Business

Paramount Slashes 3.5% of US Workforce in Latest Cuts

Smucker Profit Outlook Falls Short Amid Tariff, Cost Pressures
Business

Smucker Profit Outlook Falls Short Amid Tariff, Cost Pressures

Next Post
OpenAI Expresses Interest in Acquiring Chrome if Google Is Forced to Sell

OpenAI Expresses Interest in Acquiring Chrome if Google Is Forced to Sell

Newsweek World

© 2025 Newsweek World.
All rights reserved.

Company

About us
Contacts
Terms
Privacy

Editions:

World
U.S. Edition
New York

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Economics
  • Markets
  • Technology

© 2025 Newsweek World. All rights reserved.

  • Español
  • Português
  • 中文 (简体)
  • 日本語
  • Français
  • Italiano
  • Norsk
  • Svenska
  • Türkçe
  • Українська