Saturday, 26 April, 2025
Intel CEO Lip-Bu Tan Initiates Major Restructuring Amid $800M Loss
Intel CEO Lip-Bu Tan has announced significant organizational changes, including layoffs and a shift to a leaner workforce, following an $800 million loss in Q1 2025. Tan emphasized the need to reduce organizational complexity and improve efficiency. While specific numbers were not disclosed, reports suggest that over 20% of staff could be affected. The restructuring aims to refocus on engineering and streamline operations to better compete in the semiconductor market.
Read full story at Economic Times