Site icon VMVirtualMachine.com

Intel to announce over 20% job cuts this week? Report says major restructuring underway by new CEO Lip-Bu Tan — Details | Company Business News

Intel to announce over 20% job cuts this week? Report says major restructuring underway by new CEO Lip-Bu Tan — Details | Company Business News

Tech giant Intel Corporation plans to announce layoffs sometime this week, as per a Bloomberg report citing a source. The job cuts would entail reducing workforce by over 20 per cent to “eliminate bureaucracy”, the source added.

The chip major…

Article Source
https://www.livemint.com/companies/news/intel-layoff-plan-20-percent-job-cuts-this-week-april-major-restructuring-ceo-lip-bu-tan-chips-engineers-business-news-11745369927895.html

Exit mobile version