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Intel Corp. is planning to announce cuts to more than 20% of its workforce this week, Bloomberg News reported Tuesday night, in what would be the the first major restructuring under new Chief Executive Lip-Bu Tan.
The layoffs would affect roughly 22,000 workers, based on Intel’s global workforce of 108,900 as of the end of 2024. Last year, Intel INTC announced it would lay off 15,000 employees in an effort to downsize and become more efficient.
This post was originally published on Market Watch
