Intel, one of the largest processor manufacturers in the world, is in the most comprehensive restructuring process in its history. According to the latest information, the company is preparing to separate its ways than 20 percent of its employees this week. This move is expected to affect more than 20,000 people.
Intel will dismiss 20 thousand personnel
Intel had a staff of 108,900 people at the end of 2024. This number was recorded as 124,800 in 2023. After a wave of dismissal of 15 thousand people in 2023, this new liquidation decision means a total of approximately 30 percent shrinkage in two years.
The new CEO Lip-this Tan, as soon as he came to the task, drew attention to the need for restructuring Intel. Within the framework of this vision, it was stated that the assets that are deemed incompatible with the future plans of the company will be disposed of.
Intel has lost its competitiveness in the market while experiencing revenue decreases in the last three years. The rapid rise of Nvidia in artificial intelligence chips weakened the company’s traditional domination in data center and desktop markets.
The Donald Trump administration’s approach to incentive plans and the lack of clarity of the future of the CHIPS program increased the uncertainty in Intel’s investments. On the other hand, it is seen that the strategic partnership, which Intel plans to realize with Taiwan -based manufacturer TSMC, has reached a stop.
Intel will soon announce the first quarter financial results of 2025. This description can offer more clues about the roadmap of the new era under Lip-this Tan. So what do you think about this? You can share your opinions with us in the comments section below.
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