Intel Corp is planning to cut over 20% of its staff as part of a bid to streamline management and rebuild an engineering-driven culture under new CEO Lip-Bu Tan, according to a person familiar with the matter. This move comes ahead of a major announcement expected this week.
Source: https://www.bloomberg.com/news/articles/2025-04-23/intel-to-announce-plans-this-week-to-cut-more-than-20-of-staff