The chipmaker’s new boss, Lip-Bu Tan, told employees that Intel needs to remove “organizational complexity” and become more engineer focused. Yesterday was an eventful day for shareholders and employees of Intel Corp.

Intel plans to eliminate 20,000 jobs or more across the company, Bloomberg reported Tuesday night, citing an anonymous source familiar with the chipmaker’s plans. The cutbacks would follow massive layoffs last year at the ailing chipmaker and the installation of a new CEO,

US chipmaker, one of Israel's largest employers, has 9,350 people working at three R&D centers and a manufacturing plant; reported layoffs could affect as many as 1,800 workers The post Intel’s Israel staff could face another wave of layoffs as global job cuts loom appeared first on The Times of Israel.