After laying off more than 15,000 employees and selling investments in companies like Arm Holdings, Intel may be preparing to make further cuts to its structure. According to Reuters, CEO Pat Gelsinger and the company’s top executives are preparing a plan to get rid of parts deemed “unnecessary.”
Sources heard by the outlet claim that this is part of a new plan by the company to reverse the negative situation it is currently in. It would also involve a complete reformulation of how it makes investments and allocates its capital expenditures — so new layoffs could also happen.
However, Reuters claims that the core part of Intel should not be modified and that there are no plans to sell its foundry business. At the same time, the restructuring plan (which promises to be radical) has not yet been finalized and there are reports that no part is being considered “sacred.”
Intel already thinking about some targets for new cuts
Among the businesses Intel may end up cutting is programmable chipmaker Altera, which it acquired in 2015. Reports suggest the company has been considering spinning it off as a separate business, launching an initial public offering (IPO) of its shares and selling off some of its controlling stake in the process.
At the same time, the fact that the company was acquired for $16.7 billion and remains highly valued could make it a valuable asset in the event of a sale. In addition to the restructuring process, the corporation will also have to deal with an image crisis related to problems involving its most recent generations of Core CPUs.
In an interview with Deutsche Bank, Gelsinger acknowledged that the last few weeks have been very difficult for the company, which has seen its shares fall by 60%. At the same time, He promised that he has already taken steps to ensure that Intel will operate efficiently and economically.ensuring the foundations that will help reverse the current situation.
Fonte: PC Gamer
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Source: https://www.adrenaline.com.br/intel/intel-planeja-novos-cortes-em-areas-consideradas-desnecessarias/
