Intel CEO: Layoffs Will Simplify Company Structure -- Market Talk

Dow Jones

Apr 25, 2025

1810 ET - Intel CEO Lip-Bu Tan says he is taking swift actions to simplify the beleaguered chip maker. As a first step, Tan says on a call with analysts that he will flatten the structure of the company's leadership team so that certain functions previously spread over two or three layers now report directly to him. The company didn't detail how many management positions it will cut, or the charges it expects to incur as a result. Intel will additionally save by reducing planned operational and capital expenditures this year, Tan says. "I will continue to make the needed investment to reignite innovation, even as we reduce our overall expenses by minimizing projects and programs that had been taking attention away from our core client and server business," he says. Shares fall 5.1% after hours. (connor.hart@wsj.com)

(END) Dow Jones Newswires

April 24, 2025 18:11 ET (22:11 GMT)

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As a first step, Tan says on a call with analysts that he will flatten the structure of the company's leadership team so that certain functions previously spread over two or three layers now report directly to him. The company didn't detail how many management positions it will cut, or the charges it expects to incur as a result. Intel will additionally save by reducing planned operational and capital expenditures this year, Tan says. \"I will continue to make the needed investment to reignite innovation, even as we reduce our overall expenses by minimizing projects and programs that had been taking attention away from our core client and server business,\" he says. Shares fall 5.1% after hours. (connor.hart@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2025 18:11 ET (22:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel CEO: Layoffs Will Simplify Company Structure -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel CEO: Layoffs Will Simplify Company Structure -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-25 06:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1810 ET - Intel CEO Lip-Bu Tan says he is taking swift actions to simplify the beleaguered chip maker. As a first step, Tan says on a call with analysts that he will flatten the structure of the company's leadership team so that certain functions previously spread over two or three layers now report directly to him. The company didn't detail how many management positions it will cut, or the charges it expects to incur as a result. Intel will additionally save by reducing planned operational and capital expenditures this year, Tan says. \"I will continue to make the needed investment to reignite innovation, even as we reduce our overall expenses by minimizing projects and programs that had been taking attention away from our core client and server business,\" he says. Shares fall 5.1% after hours. (connor.hart@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2025 18:11 ET (22:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4605","symbol_name":"半导体精选","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2530899239","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2530899239","pubTimestamp":1745532660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1810 ET - Intel CEO Lip-Bu Tan says he is taking swift actions to simplify the beleaguered chip maker. 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As a first step, Tan says on a call with analysts that he will flatten the structure of the company's leadership team so that certain functions previously spread over two or three layers now report directly to him. The company didn't detail how many management positions it will cut, or the charges it expects to incur as a result. Intel will additionally save by reducing planned operational and capital expenditures this year, Tan says. \"I will continue to make the needed investment to reignite innovation, even as we reduce our overall expenses by minimizing projects and programs that had been taking attention away from our core client and server business,\" he says. Shares fall 5.1% after hours. 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