Intel CEO Letter to Employees
Lip-Bu Tan announces 15% workforce reduction
Ahead of the financial news from Intel INTC 0.00%↑ coming out later today, the following message was sent to Intel employees from the CEO. We’re sharing it here in full, with commentary to follow.
Key points:
Q2 2025 revenue above guidance
15% headcount reduction to 75,000
50% streamlining of management layers
Return to office in September
Foundry to be customer respo…
