In an internal memo penned by Intel CEO, Lip-Bu Tan, the inevitable news of layoffs was made clear. Such plans would take off at the beginning of the second quarter of 2025.
“I’m surprised to learn that, in recent years, the most important KPI for many managers at Intel has been the size of their teams. Going forward, this will not be the case. I’m a big believer in the philosophy that the best leaders get the most done with the fewest people. We will embrace this mindset across the company, which will include empowering our top talent to make decisions and take greater ownership of key priorities.” – Lip-Bu Tan, Intel CEO.
While the exact number of positions that are to be axed is unknown, reports suggest that the move could affect up to 20% of the current workforce of 108,900 people. Bear in mind that number was already reduced from the more than 120,000 strong staff it once boasted during the Gelsinger era. David Zinsner, Intel’s CFO, asserted that a final decision has yet to the number of layoffs, in response to the internal memo. We have not finalised the number of roles to be impacted.”
Tan’s task of changing the fortunes of Intel is nothing short of Herculean but at the very least, there is some form of movement. As part of his cost-cutting initiative, he’s sold the company’s majority stake in its Altera division to Silver Lake for US$4.46 billion (~RM19.24 billion) and more recently, he reportedly took a meeting with TSMC’s CEO over the possibility of a collaboration.
(Source: Times of India, People Matters)
