Heavy employees in Intel!; Incision of up to 20 percent

Intel Corp is ready to announce a plan to reduce employees more than 20 percent this week. The action seems to have been taken as part of the effort to rebuild engineering -based culture with the aim of regulating management and reducing unnecessary costs. However, Intel has not yet officially announced these trimming plans.

Under the new CEO.

The Leaf Plan was the first largest reconstruction under the agency of the new Chief Executive Officer Lip-Bow Tan, which took over as last month. Experienced Tan has promised to remove Intel’s assets and bring more attractive products to the market. Intel dropped around 15,000 jobs last year. By the end of 2024, Intel had 108,900 employees. The previous year’s employees were 124,800. Intel’s spokesperson refused to respond to the latest layoffs.

Intel in the stock market

Intell’s shares increased by 3.5% in the shares of Intel before the opening of New York exchanges on Wednesday. The stock fell 43 percent in the last 12 months and closed at $ 19.51 on Tuesday. Intel has been lagging behind a few years compared to rival chip manufacturers. Especially in Artificial Intelligence Computing, N Vidia was unable to compete with the carp. It has been decreasing in sales for the last three years. Now the objective is to become an iconic chip manufacturer.

Remove old CEO

CEO Pat Gailinger, who struggled to run his turnaround bid for Intel last year, was fired last year. The 65-year-old Elip-Bu Tan has now been appointed as CEO. He began a big effort to expand the company’s network. He tried to convert Intel into a med-to-order chip manufacturer.