Intel Corporation (NASDAQ: INTC) is undertaking one of the most significant operational overhauls in its storied history, signaling the urgency of its turnaround efforts under new leadership.
[content-module:CompanyOverview|NASDAQ:INTC]Reports surfaced on Apr. 23, 2025, indicating that the semiconductor giant plans sweeping layoffs expected to impact more than 20 percent of its global workforce. Based on recent headcount figures, this drastic measure, potentially affecting over 21,000 employees, represents a defining early move by CEO Lip-Bu Tan, who assumed leadership just last month, March 2025.
