According to reports, Intel is on the edge or announcing dismissals that will reduce more than 20 percent of the staff in the first important movement of the chips manufacturer under its new CEO, Lip-Bu Tan.
The company’s cut is an attempt to reduce bureaucracy, rationalize management and reconstruct a culture driven by Intel engineering, a person with knowledge of the situation. said Bloomberg
Tan, who checked as Intel’s executive director after the company’s former CEO, Pat Gelsinger, out Expelled last year – He hopes to guide the chips manufacturer to return after his domain in the industry has decreased over the years.
Intel, who now finds Itelf fighting to catch up with Nvidia in AI Computing, is working to replace the engineers that the company lost, refining their balance and integrating their manufacturing processes better, he said so at the last Vision Conference.
Meanwhile, so, according to reports, seek to download non -murder assets and focus on creating more captivating products. In an attempt to achieve that goal, the company recently agreed to sell a 51 percent participation in its Ble Chips Unit program alters Silver Lake Management.
Intel’s CEO can offer more information about what plans to make the duration of the company’s first quarter results on Thursday, Bloomberg said.
But analysts supposedly assume that the company will take years to return to its previous sales, and that there is the possibility that it never happens at all. In a more positive note, Wall Street has estimated that it is now the sausage of Intel’s income falls.
Intel informed employee cuts follow a cost savings plan of $ 10 billion in August included slash Approximately 15,000 jobs, approximately 15 percent of its global workforce.
Intel’s shares rose more than 5.5 percent on Wednesday.
Alana Mastrangelo is a Breitbart News reporter. You can follow her Facebook And x in @Armastrangeloand in Instagram.
