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Intel to Cut More Jobs as CEO Struggles to Show Turnaround
Business Standard
|July 26, 2025
Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chip-maker that would issue "no more blank checks."
The job cuts are part of an effort by Tan since he took the helm in March to turn around the storied US chipmaker. Intel has divested businesses, laid off employees and redirected resources. It has underperformed due to years of management blunders. Intel has virtually no foothold in the booming AI chip industry.
This story is from the July 26, 2025 edition of Business Standard.
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