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International Business Times

Sana Khan

Intel To Cut Over 21,000 Jobs As New CEO Reshapes Company Strategy: Report

Intel Corporation LipBu Tan Patrick Gelsinger United States

LONDON, UNITED KINGDOM - NOVEMBER 14: The Intel logo is seen outside a pop-up store on Oxford Street on November 14, 2024 in London, United Kingdom. (Credit: Leon Neal/Getty Images)

Intel is reportedly planning to lay off over 21,000 employees, which is about 20% of its workforce.

The news comes just before Intel's first-quarter earnings call, led by new CEO Lip-Bu Tan, who took over from Pat Gelsinger last year.

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