Intel to announce plans this week to cut over 20% of staff

Quick Summary:

This would be the company’s first major restructuring under new CEO Tan Lip-Bu.

Last week, the company agreed to sell a 51 per cent stake in its programmable chips unit Altera to Silver Lake Management, a step toward that goal.

That contributed to three straight years of sales declines and mounting red ink.

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Article Details

Author / Journalist: Bloomberg

Category: Technology

Markets: Hong Kong

Topics: Intel Management Last Week Aiming Person According Year Cent Plans Chipmaker

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 11:15:28 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 228 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 28163655

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