# Intel Faces Deep Cuts: Reportedly Planning to Lay Off Over 21,000 Employees

## Intel Faces Deep Cuts: Reportedly Planning to Lay Off Over 21,000 Employees

Intel is reportedly preparing for a significant restructuring, potentially impacting over 21,000 employees, according to a Bloomberg report. The anticipated announcement, expected this week, would equate to roughly 20% of the company’s global workforce.

This news surfaces ahead of Intel’s Q1 earnings call, the first under the leadership of newly appointed CEO Lip-Bu Tan. Tan, who took the reins from Pat Gelsinger last year, is reportedly aiming to “streamline management and rebuild an engineering-driven culture” through these sweeping changes.

The potential layoffs are not entirely unexpected. Intel, once a dominant force in the semiconductor industry, has faced growing challenges in recent years. Prior to this reported plan, Intel already announced 15,000 job cuts in August 2024. Despite these efforts, the company’s stock has reportedly dipped around 67% over the past five years, reflecting the market’s concerns.

Since stepping into the CEO role in late 2024, Tan has been actively reshaping Intel’s strategy, focusing on spinning off what he considers “non-core” units. Earlier in April, Intel divested a controlling 51% stake in its Altera semiconductor business to private equity firm Silver Lake, signaling a significant shift in its portfolio.

This potential reduction in force raises questions about Intel’s future direction and its ability to regain its competitive edge in a rapidly evolving tech landscape. The company did not immediately respond to requests for comment, leaving many to await further details during the upcoming earnings call. The industry will be watching closely to see how Intel plans to navigate these turbulent times and whether these drastic measures will indeed pave the way for a stronger, more focused future.