Intel to reportedly fire 20 per cent of its staff this week

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Intel is firing 20 per cent of its staff this week, according to a report by Bloomberg. These layoffs are reportedly aimed at “eliminating bureaucracy”, streamlining management, and rebuilding a more engineering-focused culture. 

This marks the first major round of job cuts under new CEO Lip-Bu Tan, who took over leadership of the company last month. While the exact number of impacted employees or the timing of the layoffs remains unclear, the cuts could affect thousands of workers globally.