Intel has recently frequently adjusted its organizational structure and strategic direction to adapt to the changing market environment. Among them, in terms of wafer foundry business, Intel has separated the foundry business and adopted an independent operation mode, hoping to build a tripartite confrontation in the global foundry industry with TSMC and Samsung.
At the same time, Intel cut its business lines and concentrated on the chip manufacturing business. According to incomplete statistics, Intel has given up several businesses including prefabricated servers, RealSense somatosensory, and 5G modems. In addition, Intel is also committed to reducing labor costs and improving efficiency. The budget will be cut by about 10%, and up to 20% of employees will be laid off.
Recently, there are market rumors that Intel will lay off hundreds of employees in Taiwan, China. At present, Intel has about 1,000 employees in Taiwan. According to the rumor, the proportion of layoffs will exceed 10%.
Regarding this news, Intel Taiwan Branch stated that it would not comment on the rumors in this netizen’s post.
According to posts posted by netizens, Intel has carried out multiple rounds of layoffs since the beginning of this year, and some departments have disappeared entirely. Now it is facing a new round of layoffs, among which employees in Taiwan, China will be affected. His friend is sorting out the list of layoffs, and the layoffs mainly involve the business department.
Some netizens said that Intel announced in April that it would lay off about 12,000 employees, accounting for 11% of the total number of employees, mainly involving the mobile device business. In the future, branches in various countries will report directly to the US headquarters, canceling the marketing responsibilities in Europe, Africa, Asia Pacific and Latin America. According to Macrotrends, Intel will have 132,000 employees by 2022.
In addition to layoffs, Intel has also carried out large-scale salary cuts in early 2023, with general employee salary cuts of 5%, and vice presidents and senior managers with salary cuts of 10% and 15%. Chief executive Patrick Gelsinger took the biggest pay cut. In addition, quarterly and annual performance bonuses were suspended, and pension spending plans were halved.
Intel's revenue also performed poorly. The financial report for the first quarter of 2023 showed that the company's revenue fell by 36% year-on-year, with a loss of 4 cents per share, a record low.
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