Intel is reportedly getting ready to additional scale back its headcount, this time by shedding greater than 20 p.c of its workers. It may announce a plan to take action as quickly as this week. The had 108,900 workers on the finish of final yr, so it could be set to chop tens of hundreds of jobs. In response to a supply, the goal of the downsizing is to streamline administration operations and refocus Intel with an engineering-driven tradition.
Final August, Intel mentioned it might to cut back prices. The truth is, the corporate, which has been sluggish to embrace the business’s shift towards synthetic intelligence, has been considerably lowering its headcount amid declining gross sales.
These newest purported layoffs would mark one of many first main restructuring measures since after the . The corporate is ready to report its quarterly earnings outcomes on Thursday. Corporations which are restructuring usually announce layoffs across the time they launch earnings studies.
Tan has additionally pledged to dump property that are not core to Intel’s targets as he tries to show the enterprise round. Final week, it emerged that Intel is in chipmaker Altera for $4.46 billion. That deal is anticipated to shut later this yr.
