Intel(US:INTC) 智通财经网·2025-04-23 03:03Core Viewpoint - Intel is set to announce a significant layoff plan this week, exceeding 20% of its workforce, as part of efforts to eliminate bureaucratic practices and reshape its engineering-driven corporate culture [1][2]. Group 1: Layoff and Workforce Changes - Intel plans to cut over 20% of its workforce, following a previous layoff of approximately 15,000 employees announced in August last year [1]. - As of the end of 2024, Intel's total workforce is expected to be 108,900, down from 124,800 the previous year [1]. Group 2: Leadership and Strategic Direction - The layoffs will be the first major restructuring action under the new CEO Lip-Bu Tan, who aims to reverse the company's declining competitive position [2][3]. - Tan has committed to divesting non-core assets and launching more competitive products, as evidenced by the recent agreement to sell 51% of its programmable chip division Altera to Silver Lake Management [2]. Group 3: Financial Performance and Market Position - Intel has faced declining sales for three consecutive years and is struggling to keep pace with competitors like Nvidia in the AI computing sector [2][3]. - Analysts believe that while the worst revenue decline may be over, it will take several years for Intel to return to previous performance levels [2]. Group 4: Challenges and Future Outlook - The company has delayed most of its expansion plans, including a highly anticipated factory in Ohio, and is facing uncertainty regarding funding from the CHIPS and Science Act [3]. - Intel's potential collaboration with TSMC has diminished, as TSMC's CEO indicated a focus on its own business development [3]. - The company has been slow to adapt to the industry's shift towards AI, missing out on lucrative opportunities while competitors like Nvidia have surged ahead [3][4].