Intel is laying thousands of employees: CEO Memo

At the end of 2024, Intel had 108,900 employees. Now Chip McCing Dev is planning to reduce the workforce to more than 33,000 jobs to reduce the workforce by the end of the year.

Lipsbow Tan, 65 -year -old Intel’s CEO said in A Memo to staff On Thursday, Intel is pursuing a plan to reduce its workforce by 15 %. The holidays allow the company to go from April to June, in addition to about 21,000 characters (about 20 % of Intel’s workforce), which was primarily focused on cutting the middle management layers.

Intel had earlier announced in August that it was laying 15 % of its manpower last year, or more than 15,000 employees.

Related: Employees for Intel need to work more often than the office: ‘This process is necessary’

In his second quarter The earnings report Released on Thursday, Intel reported 9 2.9 billion losses in the sixth consecutive quarter, which double its $ 1.6 billion loss at the same time a year ago. Was the main reason for increasing damage Reorganization costs 9 1.9 billion due to a job deduction.

Tan described a Conference call Following the report with analysts and investors that over the past three months, it had completed the “systematic review” of Intel’s head coot and costs.

“Our aim is to reduce incompetence and waste and increase accountability at all levels,” Tan said on the call. “We need the company the right size and scale.”

^{Intel’s CEO, Lipbu Tan. Photographer: Anabel Chiya/Bloomberg via Getty Images}

Tan, who was the CEO of the first chip software company Cadenine Design System From 2009 to 2021Now the work of turning the Intel has been handed over Three years Falling income. They Became Intel’s CEO on March 18, replaced by former CEO Pete Glyser.

Intel faces competitiveness with rival companies like NVIDIA, which contributed more and more in the AI chip market. Ann Vadia had between 70 % and 95 % of the market share for AI chips last year, compared to less than 1 % of Intel, Cnbc.

Related: How NVIDIA CEO Jenson Huang turned the graphics card company into AI Dev: ‘The most notable business axis of history’

However, trying to catch Intel. The company plans to launch more efficient chips later this year to better compete with NVIDIA and other rivals. Wall Street Journal.

Intel Stock The previous month was less than 7 %, but about 2 % more than a year.

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