According to what INTEL is planning to lay off more than 21,000 employees

Intel is scheduled to reduce more than 21,000 people, or nearly 20 % of the workforce, with an advertisement due this week, according to Bloomberg report.

The news comes before calling Intel Q1 profits He was recently appointed as CEO’s lipsWho replaced Pat Gelsiner for a long time last year.

With workers’ demobilization, Tan aims to “simplify management and rebuild engineering -based culture,” according to Bloomberg. The company had about 108,900 employees at the end of last year after its announcement 15,000 job discounts in August 2024.

Intel was struggling for some time; Over the past five years, the company’s shares have decreased about 67 %. Since assumed the role of the CEO at the end of 2024, Tan has moved to Intel’s divisions “Nonota” units. Earlier this month, Intel sold 51 % of it Altera semiconductor work to Silver Lake for private stocks.

Intel did not immediately respond to a request for comment.