Lip-Bu Tan is chairman of Credo.
Lip-Bu Tan is chairman of Credo.
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Intel’s new CEO signals streamlining efforts but does not spell out exact layoff numbers

  • Posted byby Dean Takahashi
  • Updated
  • 5 min

Lip-Bu Tan, the new CEO of Intel, sent out a blunt message to employees saying the company has to reorganize to be more efficient. He said there would be a reduction in employees, but he did not announce an exact number of layoffs as expected.

Bloomberg reported that Intel is rumored to be preparing to lay off as many as 20% of its workers, which at the end of 2024 was about 108,900 people. A 20% cut would amount to roughly 21,780 jobs lost. And while the changes Tan announced today could result in considerable job cuts that would start in the second quarter, he did not spell out expected numbers.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.