https://www.bloomberg.com/news/articles/2025-04-23/intel-to-announce-plans-this-week-to-cut-more-than-20-of-staff?embedded-checkout=true
15 replies (most recent on top)
Fake news
Intel was the only company I audited that had 100s of guys pigging out in front of Netflix on both day and night shifts.
In Asia, every minute of every employees time is accounted for.
wow it's the big one
Kiss a-s lip butt Tan won’t be laid off for sure.
The stock price will go up 20% now
It’s 20% with a focus on useless middle managers (higher grades).
This is a GREAT start.
I’m sure efficiency will be evaluated on an on-going basis and LBT isn’t afraid to cut more if needed.
It seems like a never ending slow motion train wreck since 2008
I told you so
3 rounds in 3 years. What a disaster. Maybe they can run LTD-M with one engineer per module. Every time things stabilize they break us somehow.
More workers at all levels. Less people in rooms talking about things that workers can decide for themselves. More hungry new blood, less decade+ in folks who think they are owed something and get paid for stating the obvious and blocking discussion on things they don’t understand.
Only 20%? Not nearly enough!!
Glad to be gone since Jul 31..
What a steam pile of 💩..
The place is hopeless 😔
Paywall
Are you sure so less? 20% will not save the company's, at least 50% and above still have hope to revive the company. Those people inside is just su-king the company coffer dry.
Not enough. Should be no more than 70k total employees. Ideally, they could probably go down to 60K without impacting operations.