Bad news for employees of this company as it heads for major layoffs, sacks 20 per cent workforce, closes core units in…, the company is…, not Infosys or TCS
Bad news for employees of this company as it heads for major layoffs, sacks 20 per cent workforce, closes core units in..., the company is..., not Infosys or TCS
Intel is cutting more jobs. A new notice says 107 employees linked to its main office in Santa Clara, California, will lose their jobs starting July 15. According to a CRN report, the company filed this notice under California's WARN law, which requires advance warning when 50 or more workers are laid off within 30 days. In the WARN notice, Intel said employees have either received a 60-day notice ahead of their separation or a four-week notice that comes with nine weeks of pay and benefits 'in lieu of further notice', as per CRN.
Intel is also shutting down its automotive chip unit in Munich, Germany, and most people in that group will be let go. Earlier reports said the company might reduce staff by 15–20 percent in its chip-manufacturing division as part of a larger turnaround effort. What Intel said about the layoffs
An Intel spokesperson, quoted by CRN, explained that the company is working to become 'leaner, faster, and more efficient.' The goal, they said, is to cut down on unnecessary layers in the organisation and give engineers more control so they can better meet customer needs.
'These decisions are not easy,' the spokesperson added, 'but they are being made after careful thought about what's best for the future of the company. We're committed to treating all employees with care and respect as we go through this process.' CEO Lip-Bu Tan's plans to fix intel
Intel's new CEO, Lip-Bu Tan, who took charge in March 2025, is making big changes to turn the struggling company around. In April, he shared that Intel plans to cut USD 500 million in operating costs this year, and another USD 1 billion next year.
But these savings come at a cost. 'There's no avoiding the fact that these changes will reduce our workforce,' Tan said in a message to employees. He added that while jobs will be cut, the company will also focus on keeping and hiring the right talent to move forward. He said each leader at Intel will be trusted to make the best decisions based on the company's top goals and promised to keep employees updated.
Tan's plan includes a complete overhaul of Intel's AI strategy and chip-making process. One major change is cutting down layers of middle management, which he believes slow down innovation and decision-making. At a recent town hall, he warned employees that more 'tough decisions' are ahead.
Tan, 65, is no stranger to leadership. He was the CEO of Cadence Design Systems and served on Intel's board until August 2024. He stepped in after Intel reported a USD 19 billion loss in 2024, its first annual loss in nearly 40 years. The company has also been losing ground to competitors like Nvidia and Arm, especially in the fast-growing AI chip market.
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Time of India
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On July 2nd, there will be a ceremonial welcome for the PM, there will be delegation-level talks during which bilateral relations will be reviewed and also to discuss various ways to strengthen the bilateral relations. PM will be having a one-on-one meeting with his counterpart and there will be a banquet dinner. The next day he will be addressing the parliament and also engaging with the Indian community, which is about 15000," Secretary Ravi said. "President John Dramani Mahama just assumed office after a landslide victory in January; that's why the visit carries importance, as the PM will be visiting Ghana early in his tenure. It will help in continuity and deepening the relation and further strengthening it... Both countries will be working to boost economic cooperation as Ghana is undergoing deep economic restructuring, especially as it has undergone IMF conditionalities... Economic agenda will dominate the talks... 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This will be the first visit of Prime Minister to Namibia, and the third ever Prime Ministerial visit from India to Namibia. During his visit, Prime Minister will hold bilateral talks with President Nandi-Ndaitwah and deliver an address at the Parliament of Namibia. The visit of Prime Minister is a reiteration of India's multi-faceted and deep-rooted historical ties with Namibia. MEA Secretary Dammu Ravi in the media briefing today said that Namibia will see the expansion of Unified Payments Interface (UPI) as agreements have been signed by the Central Bank of Namibia and NPCI International (NIPL), the international arm of the National Payments Corporation of India. "In the development cooperation area, capacity building, defence centre for excellence for IT - we are going to set it up. During the visit, the setting up of UPI with the country as a technology agreement has already been signed between the Central Bank of Namibia and NPCI... Namibia is a very resource-rich country, with many critical minerals... and discussions will be there on this also," the MEA Secretary Ravi stated. In Namibia, PM Modi will also pay homage to Dr Sam Nujoma, the first president of the African nation. "PM will be visiting Namibia for the last leg on July 9. This visit is coming after 27 years, and the current President, Netumbo Nandi-Ndaitwah, assumed office in March this year. The visit happening early in his tenure is important, as it will help to renew the relationship and deepen our economic engagement with Namibia... The programme will have a ceremonial welcome. PM will pay homage to Dr Sam Nujoma. There will be delegation-level discussions and one-on-one talks, and he will also address the parliament," he noted. Prime Minister Modi will embark on the five-country visit from July 2, during which he will attend the BRICS Summit in Brazil and hold meetings with leaders of Ghana, Trinidad and Tobago, Argentina and Namibia to strengthen bilateral ties. He will start his five-nation visit with Ghana on July 2 and conclude his visit Namibia in the last leg on July 9. In the second leg of his visit, at the invitation of the Prime Minister of the Republic of Trinidad & Tobago, Kamla Persad-Bissessar, Prime Minister Modi will pay an Official Visit to Trinidad & Tobago (T&T) from July 3-4. This will be his first visit to the country as Prime Minister and the first bilateral visit at the Prime Ministerial level to T&T since 1999. In the third leg of his visit, at the invitation of the President of Republic of Argentina, Javier Milei, Prime Minister will travel to Argentina on an Official Visit from July 04-05. Prime Minister will travel to Brazil from July 5-8 to attend the 17th BRICS Summit 2025 followed by a State Visit.
