Confirming Bloomberg reports early this week, Intel announced last Thursday (24) a new round of layoffs and cost cuts. According to the new CEO, Lip Bu-Tan, the decision aims to simplify the structure of the company, eliminate bureaucratic steps and ensure a change in internal culture and how resources are used.
In the message that announced the measures, the executive did not clarify how many people should be cut as a result. According to Bloomberg, layoffs can affect 20% of the workforce, or approximately 20,000 people in different positions, sectors and locations in which the company operates.
Bu-Tan says he has also taken steps to decrease Intel’s operating costs up to $ 1.5 billion over the next two years. While in 2025 it should make a cut of $ 500 million, the expectation is that the remaining $ 1 billion is eliminated by her during the 2026 fiscal year.
Intel will favor engineering and agility
The company’s CEO also stated that it will remain eliminated layers from the company’s administrative structure to make it more agile and focused on product engineering. According to him, in some cases it is necessary to go through eight or more layers of managers to get something, which “creates unnecessary bureaucracies that delay us.”
To top it off, he revealed that, from September 1st, All Intel employees will have to work in person at least four days a week. He also explains that the amount and frequency of meetings will be reduced, as well as the number of people who must participate in them.
“I’m talking about the opportunity to fundamentally reinvent an industry icon. To make a return that will be studied in business schools by the generations themselves. To create new technologies and implement them on scale to change the world for better”Bui-tan declared in his ad.
The changes were announced shortly after Intel released its financial result to the first quarter of 2025. Although it was able to deliver positive revenue numbers, profit margins and action gains, this was not considered good enough for the market – which resulted in a new 5% drop in the company’s shares.
Source: Tom’s Hardware, Intel
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Source: https://www.adrenaline.com.br/intel/intel-anuncia-demissoes-e-cortes-de-us-15-bilhao-em-custos/
