Intel is planning to reduce its manpower 20 %, or one in five. According to BloombergIntel will announce the move later this weekend when it details its latest financial data on Thursday.
According to reports, staff deductions will be developed as part of a wider strategy to focus on engineering and focus on engineering while reducing bureaucracy. It is not fully clear whether this deduction will be at the top of a 15 % reduction in the Work Force Intel announced in August last year, or if the new data of 20 % has been partially or fully included.
If the new deductions are completely separated, it would mean that one -third of Intel’s employees will be allowed to go through August 2024. In August, 15 % of the deductions have a total of 17,500 workers, which has increased Intel’s head to about 100,000.
In a further 20 % cut, Intel’s workforce will be about 80,000. In 2022, Intel’s tone count was 131,000, According to Statistica. Therefore, there will be a dramatic reduction in just three or so many years.
To make these numbers more context, there are less than 30,000 employees in the AMD current. During this time the number of NVIDIA workforce is about 35,000.
In other words, even after these sharp deductions, Intel will still have a widespread operation with human resources. However, Intel not only has chip design operations like AMD and NVIDIA. Individually, it also has its own chip production facilities, or lack of FABS, AMD and NVIDIA.
This news comes just a month after Intel, a new CEO, appointment. Earlier this month, Tan acknowledged that Intel needed “correct past mistakes” and promised to return to its roots as a “engineering first company”.
Of course, the return of engineering was exactly what was promised by Pet Jillsagar, a former Intel CEO. According to reports, the Intel Board did not realize that Jelnagar’s plan was moving very fast. Therefore, perhaps within the months of taking power, 20,000 employees have to fire as fast action tan needs to maintain board confidence.
On the other hand, another large -scale head count will hardly be confident for investors and other external observers. Whatever is, one thing is sure. If this latest news is true, matters will be worse before the company improves as the company goes through the painful process of shedding staff before rebuilding.
