Intel to slash more than 20% of its workforce in a move to streamline operations
By
Binu Mathew
Intel is set to unveil plans this week to slash more than 20% of its workforce, in a move to streamline operations and reduce bureaucratic inefficiencies, Bloomberg News reported on Tuesday, citing a person familiar with the matter.
The layoffs are part of a broader strategy to refocus on an engineering-driven culture, the report said.