Intel confirms plans for layoffs
In recent weeks, there have been reports that Intel intends to undergo a wider restructuring that could see its workforce reduced by as much as 20%. While Intel has not yet confirmed any specific numbers, CEO Lip-Bu Tan, has confirmed that layoffs will be taking place soon.
Lip-Bu Tan wants Intel to be a leaner company with a more engineer-first mindset. This process will involve ‘flattening the organisation’ to remove “unnecessary bureaucracy”. It has also been noted that management are no longer to focus on team size as a key performance metric.
Speaking more specifcally on the wider lay-offs, Tan said: “There is no way around the fact that these critical changes will reduce the size of our workforce. As I said when I joined, we need to make some very hard decisions to put our company on a solid footing for the future. This will begin in Q2 and we will move as quickly as possible over the next several months.”
Tan adds that Intel will be “very intentional” about where to focus its efforts moving forward as it looks to regain technical leadership.
You can read the full press release, HERE.
KitGuru Says: Intel will be making some big cuts over the next few months. With big launches like the first Intel 18A processors scheduled ahead, we’ll have to keep an eye out for any potential roadmap changes.
