By Admin 
Intel, the world’s famous chip -making company, is preparing for a big change. It is reported that Intel may announce to reduce more than 20 percent of its staff this week. The company’s new CEO Lip-Bow Tan, who has taken over last month, is taking steps towards making the management slim and increasing the focus on engineering.
What is the whole matter?
According to the report of NDT Profit, this step of the company is part of the effort to reducing bureaucracy and re -strengthening the basic identity of Intel, ie technology and innovation. Even before this, in August last year, Intel had trimmed around 15,000 employees. By the end of 2024, the number of employees of the company had come down to 1,08,900, compared to 1,24,800 in 2023. However, Intel has not made any official comment on this news.
Despite this, the market has given a positive reaction on this news. In the pre-market trading, Intel’s shares jumped up to 3.5 per cent before the New York Stock Exchange opened. However, in the last 12 months, the company’s shares have fallen by about 43 percent.
Company going through difficult times
This change of Intel is an attempt to get out of the difficult period when the company lost the lead compared to its rivals. Especially in the case of AI computing, companies like NVIDIA have won. The sales and deficit that has been falling for three consecutive years has put Intel into deep difficulty.
Lip-boo tan, who has been associated with the first cadens design systems, is now taking the initiative to re-erect Intel. Their plan is to sell the company’s non-essential business units and focus on more powerful products. In this direction, last week Intel decided to sell 51 percent of its programmable chip unit Altera to Silver Lake Management.
It will take a long time for Intel to stand again
Tan recently said that Intel would have to bring back his engineering talent, strengthen the balance sheet and manufacture the manufacturing according to the needs of the customer. On Thursday, Intel will present its first quarter results. It is believed that then Tan will tell his strategy in more detail. However, according to Wall Street’s estimates, the worst phase of the fall in Intel’s sales has probably passed, but it may take many years to return to the company’s old level.
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