Intel to Slash Workforce by Over 20% in Major Restructuring

Published 19 hours agoINTC

Intel to Slash Workforce by Over 20% in Major Restructuring

Intel is expected to announce substantial layoffs this week, with plans to reduce its staff by more than 20%. This significant restructuring move marks the first major action under new CEO Tan Lip-Bu, who took the helm in March 2025.

The anticipated reduction will follow last year's downsizing when Intel cut about 15% of its workforce, resulting in 15,000 job losses. This large-scale job cut mirrors a broader trend across the tech industry, as companies look to improve efficiency and cut costs. According to Insider Monkey, many tech giants are making similar moves as part of their restructuring initiatives.

Under the leadership of CEO Tan Lip-Bu, Intel is coinciding this latest action with efforts to revitalize the company. Although specific financial objectives for this round of layoffs haven't been disclosed, it's expected to follow previous efforts, which aimed to save billions. Last year's layoffs targeted a reduction of $10 billion, highlighting the scale of financial reorganization being pursued.

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