Intel is reportedly making ready to additional cut back its headcount, this time by shedding greater than 20 p.c of its staff. It might announce a plan to take action as quickly as this week. The had 108,900 staff on the finish of final 12 months, so it might 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 will to scale back prices. In reality, the corporate, which has been gradual 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 experiences.
Tan has additionally pledged to dump belongings that aren't core to Intel's objectives 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 predicted to shut later this 12 months.
This text initially appeared on Engadget at https://www.engadget.com/big-tech/intel-may-be-preparing-to-lay-off-20-percent-of-its-staff-161557058.html?src=rss
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