Intel reportedly to slash more than 20% of its workforce amid latest restructuring - MarketWatch
1. Intel plans to cut over 20% of its workforce this week. 2. Layoffs could affect approximately 22,000 employees, aimed at efficiency. 3. New CEO Lip-Bu Tan is restructuring operations and corporate culture. 4. Intel needs to address heavy losses in AI chip production. 5. Intel shares have dropped 43% over the past year.