Over 21,000 Employees Reportedly Facing Job Cuts As Intel Plans Massive Workforce Reduction

Intel Corporation is reportedly set to lay off over 20% of its workforce this week, according to Bloomberg , citing an unnamed source. The cuts are part of a major restructuring effort led by new CEO Lip-Bu Tan, who took over in March 2025. The move aims to eliminate bureaucracy, streamline management, and rebuild an engineering-driven culture within the company.

Intel has not officially commented on the reported layoffs. New: Intel is planning another massive round of layoffs, this time under its new CEO pic.twitter.



com/selkpnCiE7 — Nick Turner (@NewsyNick) April 23, 2025 Intel is reportedly planning to cut over 20% of its workforce in a fresh effort to revive its performance and compete more aggressively in the AI chip space, particularly against rival Nvidia. The layoffs are part of CEO Lip-Bu Tan’s turnaround strategy for the struggling chipmaker. This follows previous job cuts in August 2024, when 15,000 employees were let go, reducing Intel’s total workforce to 108,900 by the end of the year, down from 124,800 in 2023.

ALSO SEE: iOS 19 to Bring Major Siri Upgrades With Apple Intelligence: What To Expect Intel, the Santa Clara-based chipmaker, has been grappling with three consecutive years of declining sales and financial losses, largely due to falling behind rivals like Nvidia in key technological advancements. In response, newly appointed CEO Lip-Bu Tan has pledged to streamline the company by spinning off non-core assets and focusing on building more competitive products. At the Intel Vision conference in March, Tan emphasized the need to replace lost engineering talent, strengthen the company’s financials, and better align its manufacturing capabilities with customer demands.

Intel to lay off more than 20,000 workers as new CEO begins overhaul. Tan’s restructuring marks the biggest workforce reduction in the chipmaker’s history. https://t.

co/04BczetUIT — CTech (@Calcalistech) April 23, 2025 As part of this strategic shift, Intel recently announced the sale of a 51% stake in its programmable chip unit, Altera, to Silver Lake Management. The move marks a step toward Tan’s goal of sharpening Intel’s focus and revitalizing its position in the semiconductor industry. The company’s performance under this new leadership will soon be under the spotlight, with its Q1 earnings report scheduled for release on Thursday, April 24.

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