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INTEL. The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022.
Arnd Wiegmann/Reuters
Reports say the layoffs are are part of a strategy meant to refocus Intel into more of an engineering-driven culture
MANILA, Philippines – Intel is set to cut over 20% of its workforce, a report from Bloomberg News revealed on Wednesday, April 23 (April 22, US time).
The report says the layoffs are part of a strategy meant to refocus Intel into more of an engineering-driven culture.
In its report, Reuters called the layoffs the first major move under its new CEO, Lip-Bu Tan, who took over in March. In April, Tan flattened the leadership structure of Intel and streamlined its leadership team.
The layoffs follow an August workforce reduction where the company cut some 15,000 positions, or about 15% of its jobs.
An Intel filing points to the company having 108,900 employees at the end of 2024. – Rappler.com
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