On the second day after assuming his position, Intel's newly - appointed CEO, Lip - Bu Tan, unveiled a large - scale layoff plan. He emphasized that this measure was an essential adjustment to align with the realities of the market. At present, the extent of the layoffs has become clear: approximately 20,500 employees are set to be laid off over a period of about three months. When combined with the 15,000 employees let go by the previous management team, Intel has racked up a total of 35,500 layoffs in less than two years.

Following this round of layoffs, Intel intends to streamline projects with overlapping functions. The company will then shift its focus to high - return business areas, including client computing, data centers and AI, as well as chip foundry services. The ultimate goal is to forge a leaner and more robust enterprise. In the third quarter of 2025, Intel reported revenues amounting to $13.7 billion, marking a 3% year - on - year increase. Its net profit reached $4.1 billion, soaring by 124% compared to the same period last year, and the gross margin stood at 38.2%. This performance put an end to six consecutive quarters of losses, and as a result, its after - hours stock price surged nearly 8%.