Intel is poised to unveil a significant layoff plan this week, impacting more than 21,000 employees, roughly 20% of its global workforce. This announcement precedes Intel's first-quarter earnings call, to be led by newly appointed CEO Pat Gelsinger. Gelsinger succeeded the long-serving CEO, who also bore his name, last year. The layoffs are integral to a substantial corporate restructuring under Gelsinger's stewardship, aimed at streamlining management and revitalizing an engineering-centric culture.
