Intels new ceo will imminently announce 20 percent layoffs bloomberg reports – Breaking News & Latest Updates 2026
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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]

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