Intel Reportedly Planning Major Layoffs as New CEO Pushes Restructuring Effort

Intel is reportedly preparing to slash over 20,000 jobs in a sweeping cost-cutting move under the leadership of its new CEO, Lip-Bu Tan, according to a Bloomberg report. The layoffs, which could be announced later this week, would mark one of the largest in the company’s history and come just months after Intel cut 15,000 jobs in 2024. The move signals a deeper restructuring push as the chipmaker faces mounting pressure from declining sales, rising factory costs, and intensified global competition.

The cuts are expected to hit Intel’s Oregon operations particularly hard, where the company employs more workers than any other private business. Analysts say the layoffs may be aimed less at saving costs and more at fixing the company’s bloated organizational structure—something Tan reportedly criticized before stepping into the CEO role. Since taking over in March, Tan has already overhauled leadership, streamlined operations, and offloaded Intel’s programmable chip business in a bid to refocus the company’s core strategy.

Once a dominant force in semiconductors, Intel has stumbled in recent years, losing ground in the AI chip race and facing new hurdles from trade restrictions that could undercut its U.S.-based manufacturing. With quarterly results due Thursday and an internal all-hands meeting set for Friday, employees and investors are bracing for what could be a transformative, but painful, chapter in Intel’s long history.