15:16 - 23.04.2025

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April 23, Fineko/abc.az. Intel Corporation this week is ready to announce plans to cut more than 20% of its staff in order to eliminate bureaucracy in the struggling chipmaker.

ABC.AZ reports that a person familiar with the situation informed about this Bloomberg.

He added that this step is part of efforts to optimize management and restore engineering culture. This will be the first major restructuring under the new CEO Lip-Bu Tan, who took over the company last month.