Intel may be preparing to lay off 20 percent of its staff

"Intel is set to drastically reduce its workforce by laying off more than 20% of its employees, as the company aims to streamline operations and shift toward an engineering-focused culture. With over 108,900 employees at the end of last year, the layoffs could total tens of thousands, following a series of reductions since 2022 amid declining sales driven by slower adoption of AI technologies. The restructuring follows former CEO Pat Gelsinger's unexpected departure in March, with Lip-Bu Tan currently leading the company as it prepares to report quarterly earnings later this week—a pivotal moment for many tech firms announcing layoffs."