Intel’s new CEO plans to cut another 20% of its jobs, Bloomberg reports

Report: Layoffs on the horizon at Intel

Layoffs and cutbacks are reportedly on the horizon for one of Oregon’s largest companies.

Report: Intel to Slash 20% of Staff

Intel is reportedly on the verge of announcing layoffs that will cut more than 20 percent of staff in the chipmaker's first major move under its new CEO, Lip-Bu Tan. The post Report: Intel to Slash 20% of Staff appeared first on Breitbart.

Intel Set to Slash Over 20% of Workforce.

PULSE POINTS:What Happened: Intel reportedly plans to reduce its workforce by more than 20 percent. Who’s Involved: Intel, CEO Lip-Bu Tan, and rival company Nvidia. Where & When: Announcement expected this week, unspecified global regions affected. Impact: The tech company faces challenges in artificial intelligence (AI) computing and supply chain disruptions.IN FULL:Intel Corp. is preparing to announce a significant workforce reduction, potenti…

Why Intel Reportedly Plans to Lay Off 20 Percent of Its Workforce

Intel’s brand-new CEO took a big step in his effort to turn the chipmaker around, slashing costs by shedding 21,000 workers.

Intel may be preparing to lay off 20 percent of its staff

Intel is reportedly preparing to further reduce its headcount, this time by laying off more than 20 percent of its employees. It could announce a plan to do so as soon as this week. The struggling company had 108,900 employees at the end of last year, so it may be set to cut tens of thousands of jobs. According to a Bloomberg source, the aim of the downsizing is to streamline management operations and refocus Intel with an engineering-driven cul…

Intel poised to cut more than 20 percent of staff

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