Intel CEO Lip-Bu Tan announces layoffs: Read the full letter he sent to employees

Intel CEO Lip-Bu Tan has announced sweeping restructuring measures including layoffs, management cuts, and an expanded return-to-office mandate as the struggling chipmaker attempts to regain its competitive edge. The changes aim to eliminate “unnecessary bureaucracy” and streamline operations to foster innovation, and Tan notes that “this starts by revamping our [company’s] culture.”“I’ve been surprised to…

Intel CEO Lip-Bu Tan announces layoffs: Read the full letter he sent to employees