Intel to Lay Off Over 21,000 Employees in Major Restructuring Under New CEO Lip-Bu Tan
In a significant move to streamline operations and refocus on core competencies, Intel is reportedly planning to lay off more than 21,000 employees, accounting for approximately 20% of its global workforce. This announcement is expected later this week, coinciding with the company’s upcoming first-quarter earnings report. Strategic Shift Under New Leadership The layoffs mark the …
