Skip to main content
The homepageThe VergeThe Verge logo.
The homepageThe VergeThe Verge logo.
Posted
S
External Link
Sean Hollister
Intel’s new CEO will imminently announce 20 percent layoffs, Bloomberg reports.

Intel had over 120,000 employees after its 2022 layoffs, and its 2024 layoffs brought that total down to 108,900, but the company may downsize again. Bloomberg’s single “person with knowledge of the matter” says new CEO Lip-Bu Tan will cut 20 percent more.

Last month Reuters reported Intel would make unspecified cuts to address “a slow-moving and bloated middle management layer.” If legit, Intel will likely announce the cuts by Thursday’s earnings call.

Bloomberg

[bloomberg.com]

Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.

Most Popular

Most Popular
  1. Epic just won its Google lawsuit again, and Android may never be the same
  2. Nintendo Switch prices are going up after this weekend
  3. Google’s Pixel Tablet is $190 off for a limited time
  4. Google has just two weeks to begin cracking open Android, it admits in emergency filing
  5. Samsung TVs are coming back online after apps stopped working

More in News

Tesla to pay more than $200 million in damages after being found partly liable for fatal Autopilot crashTesla to pay more than $200 million in damages after being found partly liable for fatal Autopilot crash
Fujifilm is raising camera prices by up to $800Fujifilm is raising camera prices by up to $800
Google backtracks on plans to deactivate shortened goo.gl linksGoogle backtracks on plans to deactivate shortened goo.gl links
Google has just two weeks to begin cracking open Android, it admits in emergency filingGoogle has just two weeks to begin cracking open Android, it admits in emergency filing
Verizon is upping its fees againVerizon is upping its fees again
Reddit pauses its paywall plansReddit pauses its paywall plans

Top Stories