BlockBeats News, April 23rd, according to a person familiar with the matter, Intel (INTC.O) will announce a plan this week to lay off more than 20% of its workforce, aiming to trim the bureaucracy of the struggling chipmaker.
The source said this move is about streamlining management and rebuilding an engineer-led corporate culture. This will be the first major reorganization since new CEO Pat Gelsinger took office last month. This layoff comes after last year's plan to lay off about 15,000 people (announced in August last year). By the end of 2024, Intel's total workforce will be reduced from 124,800 in the previous year to 108,900. (Jinshi)
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