Intel's new CEO, Lip-Bu Tan, announced plans to cut the workforce as part of a strategy to boost operational efficiency and focus on core engineering. During an investor call, Tan acknowledged the sluggish revenue and emphasized the need to return to fundamental principles by removing bureaucratic layers and empowering engineers. He noted that the largest organizational complexity would be addressed through these layoffs, which could total around 21,000 employees. The restructuring process will begin in the second quarter.
Tan emphasized that the current restructuring aims to focus on core engineering and improve operational efficiency, indicating a significant headcount reduction is imminent.
He plans to eliminate unnecessary bureaucracy by simplifying organizational layers, reflecting a commitment to making Intel more agile and responsive to market demands.
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