Intel to announce plans this week to cut more than 20% of staff

INTEL Corp. is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter.

The move is part of a bid to streamline management and rebuild an engineering-driven culture, according to the person, who asked not to be identified because the plans are private. It would be the first major restructuring under new Chief Executive Officer Lip-Bu Tan, who took the helm last month.

The cutbacks follow an effort last year to slash about 15,000 jobs - a round of layoffs announced in August. Intel had 108,900 employees at the end of 2024, down from 124,800 the previous year.

A representative for Intel declined to comment.

Tan is aiming to turn around the iconic chipmaker after years of Intel ceding ground to rivals. The Santa Clara, California-based company lost its technological edge and has struggled to catch up with Nvidia Corp. in artificial intelligence computing. That contributed to three straight years of sales declines and mounting red ink.

Tan, a veteran of Cadence Design Systems Inc., has vowed to spin off Intel assets that aren’t central to its mission and create more compelling products. Last week, the company agreed to sell a 51% stake in its programmable chips unit Altera to Silver Lake Management, a step toward that goal.

Intel needs to replace the engineering talent it has lost, improve its balance sheet and better attune manufacturing processes to the needs of potential customers, Tan said last month at the Intel Vision conference.

The company is scheduled to report its first-quarter results on Thursday. - Bloomberg

https://www.thestar.com.my/business/busines...han-20-of-staff



This post has been edited by ipohps3: Apr 23 2025, 03:09 PM

Tutup je Intel Tel Aviv tu konfim untung

abih lahh... lip-Bu Tan sulah keno lam-Bu Tan jor...

welcome welcome to anyone who said USA tariff is a good idea because countries are taking advantage of USA...

so, did Malaysia take advantage of USA...?
Is this what is hoped for?

oh wai... salahan DAP and potato chip war...

This post has been edited by Wedchar2912: Apr 23 2025, 03:24 PM

normal tactic for new appoint CEO, kasih goreng

108,900 workers in semiconduct is ridiclious, nowaday all factories are full of automation.

This post has been edited by wong_86: Apr 23 2025, 03:21 PM

layofff .. hire ... layoff .. hire .. macam worse than chinaman company

Mr. Tan punya KPI le tu

aiks.....ceo also need to be cina
kekkkkkkkkkkkk
kecian muricunt really incompetent

iSean fantasy1989 rtk73 pillage2001 ChipZ

after those tarif,,,global resession has been upgrade from 40% to 60% liao,,,

This post has been edited by poco loco: Apr 23 2025, 03:27 PM

the reign of Brian Krzanich fark up intel so much that intel is still compensating for it now lel

That's 20k jobs lost. God damn.

TSMC declined
https://focustaiwan.tw/business/202504170022

Aiyph... our local Intel in Penang kena or not?

Probably closing down no US factories and moving back to US to get the gov funding...

new CEO, new style
lel

It is so predictable. New CEO 1st task, layoff. Cut everything but their own salary never cut.

Cull some so the herd may live comfortably or possibly prosperously vs

Every one stays and equally suffers if lucky times are good maybe comfortable , bottonline bos Kaya kek

This post has been edited by 9m2w: Apr 23 2025, 03:41 PM

sure kena.. we also have tons of power point managers here..

berapa banyak kena potong kat mesia?

I'll be fine...... Kot.
Dunno, die liao

Intel use Malaysia cheap anjing liar and workers to help them make monies but blame for taking advance of USA.... Lol..

Will fire Malaysia's worker? We are already earning slave wages so nothing much be be saved by firing us right?

Aiya, Intel too much high salary many-zer hogging the position until retire..

Just get the f off

U inhell meh?

Just cut. So many said USA tariff is righteous. USA is the one that is being bullied and taken advantage off the past 40 to 50 years.

Malaysia kena tariff. So Malaysia is in the wrong.

Hence cut cut cut. Maga!

No?

Why stop at 20% when can do 50%?

new CEO KPI , cut jobs profit more. achieve KPI

usual strategy lar, cut cost when biz no good

Contrary to popular belief, many long-serving employees would be happy to get the package. Some even hope that they would get terminated. The separation fee, especially in Malaysia is good.

1 year of service = 1 month salary?

Bye bye intel here?

MAGA lol

They need innovative tech breakthroughs products to recapture market. Can cut all useless managerial positions and recruit more brains for product R&D.

inb4 LIFO

just fire whoever uploads to instagram and tiktok

later lip bu tan see this and have the local HR policy amended.. gg...

.. lost its technological edge and has struggled to catch up with Nvidia Corp. in artificial intelligence computing. That contributed to three straight years of sales declines and mounting red ink.”

So b4 tariffs war oso dah x competitive… ok

EXACTLY as what as the insider said "aiming to eliminate bureaucracy"
But we all have to see Mr Tan Lip-Bu actually announced.

Apple M4 win again.

fresh graduate can earn 5k/month, slave wages? kepala hotak ang.

wonder how many of those are indians?

CAN FIND ME JOB MOU HAH pepegaman

last I heard, intel has 14000 workers in penang.

habis?

usually American firms are quite generous with redundancy packages... so it may not be that bad assuming Intc have funds... at least help cushion the impact.

Meh.
Getting tired of having meeting being set up just to know the next day the person got layed off....

GG productivity

AI kambing…

wah... this is bad.... and damn inefficient...

should it not be like done in a day or two?
basically all affected will be called into a meeting room... told they are let go and then each takes turn to see the respective HR persons?
mass layoff also need to be efficient but respectful mah...

angmoh factory 1 side keep layout, china nmc another side OT rush project. i dont know what both side of their strategy, but 1 thing common is both also heading to cost saving

So cold blooded

This is like push the kuli from 14th floor

no worry MAGA will have many factory built, please wait for it.

I don't understand the MAGA thing about this news. Before this, Lip Bu left the board because he felt not enough headcount chop. So now he become CEO, sure continue his target. That was during the Chip Act and has nothing to do with Donald Trump, right? Since he was not the President

Good if got offer from lattice more than +30% ezpz
If got offer from other factory either paycut or no W/L balance gg also.

Ah Beng ask a CEO how to be rich, CEO said maybe eat less instead of 5 meals, eat 3. After one year, same question, CEO said try eat 2 meals a day.. a year CEO advises him 1 meal, then a year later CEO said have you tried not eating at all? So Ah Beng finally died due to malnutrition.

The CEO moves on to advise another guy on how to get rich.

Because of tariffs layoff?

kulim plant how many workers?

Not direct but maybe indirect...

Maybe forecast economy slow down in 2025...

No give face to MAGA? Intel is USA two five son?

KO APEC SALES DIRECTOR TENSION APA JEKKKKK

Lu Bu Tan

All from Penang. #StevenSim

Usd1k++ if u compare to other sites

You are funny

and thats why people cant be happy, always want to compare with someone bigger. that amount is basically higher than average here.

he is the one who argue with Pat in BOD

he say if intel want "salted fish flip over" need to layoff up to 50%

This post has been edited by fantasy1989: Apr 23 2025, 08:50 PM

Cull the herd

i know Lattice has expanded in Malaysia at end of 2023 and has been hiring throughout 2024. not sure now.

Buangkan emas sebelum kapal tengelam.

Logic betul.

need to restructure to focus on cpu tech again. losing to amd and nvidia and tsmc too much.

after 70% min wage increase, 5k is the new 3.8k at best.

Sometimes, things must fall apart to make way for better things!

Dah macm tiap quarter aku dengar news ni 🤔

1.5month x year of service or remaining year of service whichever is lower and taxable.... not so good if u in 40s

Oredi dah kasi notice.. depork depork wherever you are... last year...

it will eventually come to our shores...

but Ketatz always seems immune...

now it's already knocking at your door dah...

soon others will follow...

Hows AMD? Heard very stress and system very messy.

Depends on your field . I see lattice is still hiring for verification and validation

depork or depopz

Lattice is still hiring, although not as rapidly as a year ago.

No laaa
Set up meeting for work purposes / discussion to solve issues

But they couldn't join cos they were fired already

Many jump to AMD ady

pay u premium expect u gila lor ( i get almost 2X boost of annual income if take annual vested stock into account)


even my counterpart at US also gila 1 ..macam everyday power on ... my boss at canada even reply my msg at 4am his time


just... now start to feel not worth because the stock price went south

This post has been edited by fantasy1989: Apr 24 2025, 10:09 AM

AMD 2.0 - New Sense of Urgency | MI450X Chance to Beat Nvidia | Nvidia's New Moat

https://semianalysis.com/2025/04/23/amd-2-0...vidias-new-moat

always layoff....don't know where they get more to layoff....

Intel's 2022 global said to be 23,000, then 2024, 16,000 layoff .....cost cutting...

that seems to be 7,000 employees???? then rehire them again?...and layoff again?...LOL...

thats how the thing work

terminate the weakest link ; hire new/right talent as replacement

i do agree that there are some employee in there doesnt have clear charter and/or like doing handyman work


maybe their position is just as representation of lower portion of the histogram so that can cut their RSU/APB budget n reward the right person

This post has been edited by fantasy1989: Apr 24 2025, 11:01 AM

At least you are not at SKye

now thing going very very fast pace .. even "round the clock" no longer work

is everyone need to round the clock

Tmr night ACM will know ady

this is cause Intel is splitting business.

change staff from A company to B company.

still repeating that BS ?

tech cut and rehire so that the positions can be perpetually contract, non-permanent staff

contract staff salary can be suppressed. Benefits can be none.

and perhaps most importantly, easy get gomen to approve foreign workers visa

This post has been edited by Redhunt: Apr 24 2025, 04:17 PM

Less Men More Share

i believe most of the company will practice that?

goreng weakest link ; hire new talent

if not u keep the weakest link employee for what?

What's wrong with Skye?

10% will always underperform based on a distribution curve
No way to remove, as long as those smol group no kacau more productive to leave em be


Me is 10%

I will die lo

thats for sure ..just like no matter how u raise b40 salary/minimum salary ..they are/will still b40


if everyone in a team have the same level of competency, that no longer seen as an exceptional, but rather as a baseline skillset that is simply required for the job.

This post has been edited by fantasy1989: Apr 24 2025, 09:14 PM

Time for these enjineers to pack up and escorted out by security guards pecah steel bowl after years of leeching Intel Penang.


Trump kirim salam.

amd better

Yes, the bell curve will re-regulate itself
Even minute differences can mean ur a failure or gooding

Terangkan

Don’t worry Penang intel is immortal iron food bowl one. My friend software engineer so many rounds his team never kena at all.