Lip-Bu Tan wants to ’streamline the organisation’ with cuts to the workforce beginning in this quarter
Workers in the cleanroom of Fab 34 in Leixlip. Photo: Intel
Intel’s shares fell 7pc yesterday after new CEO Lip-Bu Tan’s strategy to revitalise the chip maker failed to wow investors.
Weak revenue and profit forecasts took any shine out of the new boss’s plans to cut costs and revive innovation in the microchip manufacturing giant by focusing on core engineering and paring back administrative layers.
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