Changes of Pace at Intel
In August of 2024, previous chief executive Pat Gelsinger laid off around 15,000 workers. As a result, Intel’s workforce stood at about 108,900 at the end of last year. Although no predictions have been released by Intel, sources from other divisions within the company have reported they expect a similar level of reductions.
Since the appointment of CEO Lip-Bu Tan in March, changes have come quickly for Intel. Two months ago, Tan announced that workers would be expected to come into the office four days a week, rather than three. He also announced layoffs, in which 20% of Intel’s workforce was made redundant.
The changes could potentially speak to a wider problem at Intel, which faces increasing competition from companies such as Nvidia. In the first quarter of 2025, the company reported a widened loss of $821 million. At the time, Tan said that the company needed to change its culture, and that it was: “too slow, too complex and too set in [its] ways.”
