Intel reportedly plans to lay off over 21,000 employees

Accordingly Intel is ready to cut off about 20% of more than 21,000 people or its staff Bloomberg reportThe

The news comes forward before Intel’s Q1 earns call Recently CEO appointed Lip-Boo TanWho last year replaced the long -term Chief Pat Gel Singar.

According to Bloomberg, with the trim, the goal of the tan “is to” flow to management and rebuild an engineering-driven culture “. The company had about 108,900 employees at the end of last year after the announcement 15,000 job cuts in August 2024The

Intel has been fighting for quite some time; In the last five years, the company’s stock has decreased by about 67%. Since taking the role of CEO at the end of 2024, Tan Intel’s divisions have gone to spin The “non-core” unitThe Earlier this month, Intel’s 51% sold Personal Equity Farm Silver Lake Aller Semiconductor BusinessThe

Intel did not immediately respond to any request for the comment.