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Intel Plans To Slash Over 20% Of Workforce As Lip-Bu Tan Carries Out Major Restructuring: Report

Benzinga LogoBenzinga13h ago

Intel Plans To Slash Over 20% Of Workforce As Lip-Bu Tan Carries Out Major Restructuring: Report - Benzinga

Quick Summary:

What Happened: The layoffs are targeted toward reducing bureaucracy and streamlining Intel's focus on engineering excellence, reported Bloomberg on Tuesday, citing a person with knowledge of the matter. 

Tan was appointed the new CEO of Intel last month.

Intel Corporation (NASDAQ:INTC) reportedly plans to reduce more than 20% of its workforce as part of a major overhaul under new CEO Lip-Bu Tan.

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Intel Plans To Slash Over 20% Of Workforce As Lip-Bu Tan Carries Out Major Restructuring: Report - Benzinga (Picture 1)

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 01:50:08 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 448 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28162628

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 22 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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  • URL: https://chronographically.beamstart.com/news/intel-plans-to-slash-over-17453741224630

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