Intel is about to scrap more than 21,000 jobs; About one fifth of the total workforce. At the end of August 2024 a job reduction of 15 percent was already announced.
According to Bloomberg News, the dismissal is part of a broader strategy where technicians and developers are once again dominating. For Intel Benelux, which has only thirty jobs in full -time, the consequences will be limited.
LIP-BU TAN, CEO since last monthwants to make ample job for innovation. The emphasis will be on core activities and Artificial Intelligence (AI), an area where the company has missed the boat considerably. By cutting layers in management and naming a new AI chef, Tan hopes to be able to turn the tide. But Intel misses a real flagship in the AI area that can cope with Nvidia.
Intel will say goodbye to all kinds of business units that do not belong to the core. For example, Intel recently sold 51 percent of the semiconductor company Altera to investor Silver Lake. And is the strategy of Tan’s predecessor, Pat Gelsinger, to produce chips on a large scale again, put on a low level.
Furthermore, the broom goes through the organization. There will be a large -scale restructuring. LIP-BU TAN wants the chip company that lost a lot of market share in recent years, again attractive for young talent Intel has not yet given a response to the latest reporting about remediation. The explanation of the first quarterly figures are expected to offer more clarity tomorrow. Tan’s recovery plan is complicated by the trade war between the US and China and the threat of rising import duties.
