Intel Has Cut 35,500 Jobs in Less Than Two Years

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An anonymous reader shares a report: The first announcement that Lip-Bu Tan made a day after becoming the permanent chief executive of Intel was about massive layoffs to right-size the company in accordance with market realities. Now, the extent of those layoffs is becoming clearer, indicating Intel let go of as many as 20,500 employees in about three months. If we add 15,000 positions eliminated by the previous management, that means Intel reduced its headcount by 35,500…



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Intel Has Cut 35,500 Jobs in Less Than Two Years


An anonymous reader shares a report: The first announcement that Lip-Bu Tan made a day after becoming the permanent chief executive of Intel was about massive layoffs to right-size the company in accordance with market realities. Now, the extent of those layoffs is becoming clearer, indicating Intel let go of as many as 20,500 employees in about three months. If we add 15,000 positions eliminated by the previous management, that means Intel reduced its headcount by 35,500…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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