Intel confirms its intention to cut off part of its workforce this quarter
, by Thibaut
The rumor had been circulating for 24 hours and has now unfortunately been confirmed. During the presentation of the company's latest financial results, Intel CEO Lip-Bu Tan made official a vast layoff plan.
Although he did not give precise figures, around 20% of the firm's employees are expected to be pushed out during the second quarter of 2025. This would represent approximately 22,000 people worldwide.
Lip-Bu Tan addressed his employees by email.
"As we refocus on engineering, we will also remove organizational complexity. Many teams are eight or more layers deep, which creates unnecessary bureaucracy that slows us down."
"I’m a big believer in the philosophy that the best leaders get the most done with the fewest people. We will embrace this mindset across the company, which will include empowering our top talent to make decisions and take greater ownership of key priorities."
"There is no way around the fact that these critical changes will reduce the size of our workforce. As I said when I joined, we need to make some very hard decisions to put our company on a solid footing for the future. This will begin in Q2 and we will move as quickly as possible over the next several months."
"We are going to be very intentional about where we focus these efforts and how we stack up against the best in the industry. We have learned some valuable lessons from past actions. We must balance our reductions with the need to retain and recruit key talent. I will empower each of my leaders to make the best possible decisions aligned with our top priorities."
Source: intc.com