Intel plans to ‘streamline’ by shedding one other 20% of its workers

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 harm, laid off 15,000 workers final 12 months. Sadly, these layoffs weren’t the top of it and extra look like in retailer for the corporate.

Bloomberg reviews that Intel plans to put off one other 21,000 workers, or about 20 % of its complete workforce. The corporate is anticipated 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 centered on know-how and engineering, in line with Bloomberg.

Tan stated all the appropriate issues when he made his opening statements as Intel’s new chief government 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 excellent.” As devastating as it’s for a corporation to slash a fifth of its workforce, we are able to solely wait and see if this transfer is what Intel must re-establish itself and make a much-needed comeback.