New Delhi, April 23: Are Intel layoffs coming soon? The US chipmaker, Intel Corp., might be getting ready for a big change. Reports suggest they could announce job cuts soon as part of a plan to restructure the company and make things to run smoothly. These Intel layoffs could affect many workers and change how the company works. The layoffs will mark the first major restructuring under the leadership of newly appointed CEO Lip-Bu Tan.

As per a of Bloomberg, Intel Corp. may announce major job cuts this week, which could potentially affect over 20% of its workforce. The chip manufacturer is said to be working on simplifying its management structure and developing a culture that prioritises engineering. As per reports, the company intends to reduce bureaucracy to improve its operations as it faces challenges in the competitive chip market.슬롯 머신 사이트 추천Tech Layoffs 2025 Continue: 28,728 Employees Laid Off by 111 Companies So Far This Year Due to Various Reasons; Check Details.

Reports indicate that Intel job cuts is a part of a strategy to revive the struggling chipmaker. CEO Lip-Bu Tan is said to be focused on positioning the company to compete with its rivals, particularly after falling behind Nvidia in the market for artificial intelligence (AI) chips over the past few years. Intel aims to streamline operations and allocate resources more effectively by reducing its workforce.

Intel has reportedly experienced three years of declining sales. The new CEO, Tan, who joined the company last month, has expressed his intention to transform Intel's approach. He reportedly plans to divest assets that are not essential to the company's core mission and focus on developing innovative and appealing products. It would mark the first significant restructuring initiative under the leadership of Lip-Bu Tan.슬롯 머신 사이트 추천Microsoft Layoffs in May 2025: Satya Nadella-Led Company Expected To Target Middle Management and Non-Tech Roles Next Month.

Intel layoffs are not new, as the company has previously cut jobs to improve its situation. In August 2024, the company laid off approximately 15,000 employees, reducing its workforce to about 1,08,900 by the end of that year.

(The above story first appeared on LatestLY on Apr 23, 2025 09:11 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).