This company begins sacking employees with…, up to 20% cuts in…, Not Ratan Tata’s TCS or Azim Premji’s Wipro

Intel begins layoffs: In a massive setback for Intel employee across the world, the semiconductor manufacturing corporation has reportedly started its first wave of layoffs under the leadership of its new CEO, Lip‑Bu Tan. According to a Worker Adjustment and Retraining Notification (WARN) notice filed with the state of California, Intel plans to lay off 107 employees connected to its headquarters in Santa Clara. Here are all the details you need to know about the recent development and Intel’s layoff plan.

Intel layoff plan to impact THESE employees

Although the roles affected by the layoffs were not officially detailed in the notice, media reports cited by CRN hint that layoff round will likely be a broader restructuring of Intel’s chip manufacturing division, impacting 15 to 20 percent of employees.

“As we announced earlier this year, we are taking steps to become a leaner, faster and more efficient company. Removing organisational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution”, CRN, an Intel spokesperson confirmed the layoffs.

Reasons behind Intel’s layoff plan

We are making these decisions based on careful consideration of what’s needed to position our business for the future, and we will treat people with care and respect as we complete this important work,” the statement said.

IndiaAI Mission, Intel India tie up to advance AI capabilities and skilling

In another significant development, the India AI Mission, under the Ministry of Electronics and Information Technology (MeitY) recently announced a collaboration with Intel India to advance Artificial Intelligence (AI) capabilities and skilling, as per a report by IANS news agency.

The signing of a Memorandum of Understanding between organisations aims to empower youth, professionals, startups, and public sector leaders to harness the potential of AI. It also underscores the shared vision of both organisations to advance AI readiness, enable the AI startup ecosystem, and strengthen AI-led governance in India.

(With inputs from agencies)

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