24
Apr
Intel plans to cut 20% of its workforce, or more than 20,000 people, to save costs and streamline its organization. Reuters reported that Intel will announce plans to cut its workforce by 20% this week as part of a turnaround plan by new CEO Lip-Bu Tan. As of December 28, 2024, Intel had 108,900 employees, including thousands of employees at Altera, an independent company co-owned by Intel and Silver Lake. Photo: Reuters. Intel previously laid off about 15,000 people in August 2024. The new cuts will mainly affect non-technical positions, such as administrative, sales, marketing and support functions. The manufacturing…