Intel Layoffs Incoming: Thousands Could Be Affected This Week
Intel is reportedly set to announce layoffs affecting over 20% of its workforce this week, marking a significant restructuring under new CEO Lip-Bu Tan. This move aims to streamline operations and reduce bureaucratic inefficiencies as the company faces challenges in the semiconductor market. The layoffs are part of a broader strategy to refocus on an engineering-driven culture and revitalize the struggling chipmaker. The announcement comes ahead of Intel\'s upcoming first-quarter financial results.