Intel prepares to announce his plans to cut more than 20 percent of his template, this week, with the aim of eliminating the bureaucracy in the chips manufacturer, according to a person with knowledge of the matter.
The measure is part of an effort to optimize management and reconstruct a culture focused on engineering, according to the person, who asked not to be identified because the plans are private.
This would be the first important restructuring under the new executive director Lip-Bu Tan, who assumed the position last month.
The cuts occur after an attempt last year to cut about 15,000 jobs, a round of layoffs announced in August. Intel had 108,900 employees at the end of 2024, compared to 124,800 of the previous year.
An Intel representative declined to comment.
So intends to revitalize the iconic chips manufacturer After years in which Intel gave ground to his rivals. The company, based in Santa Clara, California, lost its technological advantage and has had difficulty reaching Nvidia in the field of computing with artificial intelligence. This contributed to three consecutive years of falls in sales and an increase in red numbers.
So, Cadence Design Systems veteran has pledged to split Intel assets that are not essential for their mission and to create more attractive products.
Last week, the company agreed to sell a 51 percent participation in its unit of chips programables Altera a Silver Lake Managementa step towards that goal.
Intel needs to replace the engineering talent that has lostimprove your balance sheet and better adapt the manufacturing processes to the needs of potential clients, declared so last month at the Intel Vision conference.
The company plans to present its results of the first quarter on Thursday, April 24.
Related news :