Intel to lay off more than 20 % of the workforce, Bloomberg news reports

(Reuters) -It is scheduled to reveal “Intel” plans this week to reduce more than 20 % of the workforce, in a move to simplify operations and reduce bureaucracy’s inefficiency, according to Bloomberg News on Tuesday, citing a person aware of the women.

Displacement processes are part of a broader strategy to re -focus on engineering -based culture, according to the report.

Intel did not immediately respond to Reuters request for comment. Its shares rose more than 4.5 % in the pre -market trade on Wednesday.

Workers’ demobilization determines a big step under the lip of the new CEO, who took over last month, to revive the troubled American company after years of challenges and management errors.

Last month, Reuters reported that Tan was planning to repair the company’s manufacturing operations and artificial intelligence operations after the besieged company lost its progress in the chips industry to TSMC in Taiwan, and in recent years, the increasing demand for artificial intelligence treatments, allowing competitors such as NVIDIA to control these markets.

Last week, Reuters reported that Tan was the leadership team in Intel, and was appointed as a new head of artificial intelligence to head Intel AI.

However, the company’s AI’s plans are still unconfirmed after Falcon’s beaches fell to internal tests, leaving them without a competitive pioneer in the artificial intelligence market.

The chips maker will report the results of the first quarter on Thursday, and it will make the clearest look so far on the Tan strategy that may face problems with a trade war from the United States ascending and threatening the customs tariff.

The planned workers’ layoff followed a significant decrease in the workforce last August. Intel had said at the time that she would present 15 % of the workforce because it follows the transformation strategy of the former CEO Pat Gilgringer, who was aimed at restoring Intel’s progress in manufacturing chips.

Intel’s ambitious gelsiner plans did not raise confidence in the company’s board of directors, which felt that the transformation strategy was not working and the progress in change was quickly enough, which led to his expulsion at the end of last year.

Santa Clara, California 108,900 employees at the end of 2024, had a file.

(Participate in the coverage of Bipasha Dey and Zaheer Kachwala in Bangaluru; edited by Sherry Jacob Philips, Alan Barona and Shaunak Dasopta)