Overview

• Intel plans unspecified Q2 layoffs, with rumors suggesting up to 20% of its workforce, potentially affecting nearly 20,000 employees.
• The company aims to cut $1.5 billion in operating expenses over the next two years, reducing annual spending to $17 billion in 2025 and $16 billion in 2026.
• Management restructuring includes flattening organizational layers and eliminating non-core product lines to improve efficiency and agility.
• A new four-day in-office workweek policy will take effect on September 1, replacing the current three-day requirement.
• CEO Lip-Bu Tan is instituting cultural reforms, including reducing unnecessary meetings and shifting managerial focus toward leaner, more effective teams.