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Intel Might Lay Off 20 Percent of its Employees This Week, Thousands of Workers To Be Affected

April 23, 2025, 3:18 pm

Intel plans to cut 20% of its workforce under new CEO Lip-Bu Tan
The job cuts aim to “eliminate bureaucracy”
This mirrors Meta’s 2023 “Year of Efficiency,” when it cut 13% of staff and flattened management

Intel is reportedly gearing up for another round of layoffs and it could be happening as soon as this week. A new report from Bloomberg says that 20 percent of the company’s employees could be impacted by this round of impending layoffs. If that happens, thousands of people could lose their jobs. Until last year, the company had around 1,08,900 employees.

Fresh job cuts at Intel?

Intel is said to be going through a significant shake-up under its new CEO, Lip-Bu Tan, who stepped into the role in March 2025. The reported job cuts, as per Bloomberg, are part of a broader plan to simplify leadership structures and bring the focus back to an engineering-first mindset.

A source told Bloomberg that the job cuts were happening to “eliminate bureaucracy,” which refers to reducing complicated rules, procedures, or layers of approval so that work gets done faster.

In other words, eliminating bureaucracy refers to simplifying things so that work can get done faster and more easily, without too many formalities, paperwork, or having to go through multiple levels of management.

It is to be noted that Intel hasn’t yet confirmed the move publicly which is why this information should be taken with a pinch of salt.

Meanwhile, the chipmaker has been facing mounting pressure from rivals like AMD and Nvidia, which have quickly adapted to the changing needs of the market.

Industry-Wide Trend Towards Efficiency

Intel isn’t the first company focusing on getting things done faster. Mark Zuckerberg echoed a similar sentiment in 2023, by calling it the “Year of Efficiency”.

Meta’s strategy involved cutting approximately 13% of its workforce and flattening its organisational structure by reducing layers of middle management. This initiative aimed to lead to a more agile and responsive corporate environment, enabling faster decision-making and improved productivity.

Zuckerberg had talked about the importance of eliminating redundant managerial roles to streamline operations and focus on high-priority projects. The restructuring efforts at Meta were part of a larger shift towards prioritising efficiency and innovation in response to economic pressures and the need for technological advancement.

Google Reduces Management Roles by 10% to Boost Efficiency

December 20, 2024, 2:32 pm

Google has announced a 10% reduction in management roles and layoffs to improve efficiency. Google CEO Sundar Pichai shared this during an all-hands meeting. He explained that some positions were eliminated, while others were shifted to individual contributor roles. This change is part of Google’s ongoing effort to streamline operations and stay competitive in the rapidly changing tech landscape.

Continuing the Efficiency Drive

This move is part of a broader initiative that began in September 2022, with the goal of making Google 20% more efficient. In fact, earlier in January 2023, Google already reduced its workforce by 12,000 jobs, marking its largest layoff to date. The latest adjustments are a reflection of Google’s response to the growing competition, particularly from AI-driven firms like OpenAI, which pose a challenge to Google’s dominance in the search market.

Evolving Google’s Corporate Culture

In addition to discussing layoffs, Pichai also addressed Google’s evolving culture. He acknowledged that the company needs to rethink its trademark “Googleyness” to meet modern business demands. This shift aims to build a culture that supports agility and innovation, especially as AI technologies continue to rapidly grow.

Industry Trends: Trimming Management Layers

Google’s restructuring is similar to changes at other tech giants. For example, Amazon has focused on reducing middle management under CEO Andy Jassy. By doing so, Amazon empowers individual contributors and speeds up decision-making. These strategies are widely adopted across the tech industry to boost innovation and help companies adapt quickly to technological advancements.

Navigating a Changing Landscape

As Google continues its restructuring, its workforce and leadership framework are undergoing significant changes. The company’s focus on efficiency, cultural adaptability, and a leaner management structure shows its commitment to staying competitive. By streamlining operations and rethinking its approach, Google is positioning itself to remain relevant and agile in an industry where innovation is key.

Laid Off By YesMadam? This Gurugram Company Offers Jobs To All: ‘Stressed Employees Can Perform’

December 10, 2024, 10:15 am

Magicpin, the Gurugram food delivery platform, came forward and began recruiting more than 100 employees of Noida-based home salon service firm YesMadam, laid off apparently after admitting stress at the workplace in the internal mental health survey. The employees were reportedly asked to leave the job due to an internal mental health survey after admitting to their bosses that they suffered from “work-related stress.”

Indian’s third-largest food delivery app invited the affected workers to apply for positions within any departments.

Magicpin‘s Initiative Shared on LinkedIn

Magicpin‘s creative director, Madhav Sharma, took to LinkedIn to share the initiative. Sharing a picture of two employees holding placards with powerful messages, he wrote, “This campaign was executed without any stress.”

One placard read, “No madam. Stressed employees can perform! Because they care!” The other talked about outreach from the companyand wrote, “Magicpin invites laid-off employees to join across departments,” with an email address of the direct HR contact: HR[dot]team[at]magicpin[dot]in.

The post was well-appreciated and a lot of people were hailing the gesture. Some comments went as far as saying, “Now that‘s how you make a statement and a difference,” and, “Taking notes? Yes Madam!”.

A Call for Change in Workplace Dynamics

While Magicpin‘s efforts were a silver lining, the backlash againstYesMadam‘s decision gave rise to much criticism about corporate attitudes toward mental health. Many individuals were appalled by the fact that employees were terminated for having acknowledged workplace stress.

A LinkedIn user commented with great aplomb

“It‘s unbelievable that honesty about workplace stress now gets one fired. Shame on you, YesMadam. Instead of confronting the causes—high work pressure and lack of support—you went out and fired those who dared to open their mouths.”

Open Applications for All

In his post, Sharma clarified that the opportunity was not limited to ex-employees of YesMadam. “Anyone interested can send their resumes to the email address provided,” he said, underlining inclusivity in Magicpin‘s recruitment drive.

Magicpin’s initiative is also a reminder that mental health should betaken seriously and the workplace environment needs to be conducive to creating a more supportive work environment.

Paytm Terminates Undisclosed Number Of Employees, Offers Outplacement Support

June 10, 2024, 1:47 pm

Paytm’s Parent company One97 Communications Limited fired an undisclosed number of employees as a part of the restructuring process on Monday.

As a result, Paytm is giving outplacement support to these employees, and is collaborating with over 30 companies, which are currently hiring or facilitating, by sharing information to place them immediately.

‘One97 Communications Limited (OCL) is providing outplacement support to employees which have resigned as a part of the restructuring efforts by the company’ said company’s statement.

Further, the company has claimed, it has ensured fairness and transparency in this process, by giving bonuses that due to employees.

These restructuring efforts come, following Reserve Bank of India’s (RBI) prohibition on Paytm Payments Bank Limited (PPBL), a subsidiary of Paytm, from accepting deposits, credit transactions, or top-ups in customer accounts, wallets, and FASTags, from March 15. The RBI made this decision to safeguard the interests of customers and merchants.

Thus, due to the ban, Paytm’s loss increased to Rs 550 crore in the quarter of January-March 2024, compared to a loss of Rs 167.5 crore during the corresponding period in the previous year.

In future, the company will continue to Trim its non-core business segments and streamline its organizational structure using AI-driven strategies, as Paytm will continue to enhance its profitability, aligning with its objectives for the fiscal year 2024.

Citigroup to give pink slips to 286 employees: Report

March 1, 2024, 5:12 pm

Citigroup, a global American investment bank and financial services provider, plans to let go of 286 workers in New York. The bank, which is undergoing a significant transformation, announced in January 2024 that it would eliminate 20,000 positions over the following two years.

Three different letters from the company indicated that this wave of layoffs will impact 239 workers from its major banking arm, 44 from its broker-dealer section, and three from its technology segment, according to a Reuters report.

Mark Mason, the company’s chief financial officer, announced in January that Citigroup intended to cut 8% of its global personnel by the year 2026.

Jane Fraser, the CEO of Citigroup, had revealed in September that the bank will be undergoing a comprehensive reorganization plan to streamline its structure following its exit from non-core markets and concentration on lucrative regions.

Over 7,500 Employees Laid Off by Tech Giants in January Amidst Continued Investments in Generative AI

January 18, 2024, 2:14 pm

Recent layoffs at Google and Amazon have marked the beginning of a trend that signals ongoing job cuts in 2024, as major tech companies prioritize investments in generative artificial intelligence (AI). While the “Year of Efficiency” in Big Tech may be over, analysts anticipate that the layoffs this year will be more focused and smaller in scale, with companies racing to advance in the AI race while offsetting substantial spending on this transformative technology.

Alphabet, Google’s parent company, set the tone last week by announcing plans to invest in its “biggest priorities” and laying off around a thousand employees across various divisions. The cuts extended to its voice assistant unit, as well as the teams responsible for Pixel and Fitbit. Even the advertising business faced reductions, with reports indicating hundreds of job cuts in that unit.

Amazon, following a similar trajectory, laid off several hundred employees in its streaming and studio operations. The cuts also affected its Twitch live-streaming platform and Audible audiobook unit. Overall, tech companies have collectively laid off more than 7,500 employees in January, according to tracking website Layoffs.fyi.

The impetus behind these layoffs is evident in the intensified focus on advancing AI capabilities. D.A. Davidson & Co analyst Gil Luria emphasized that companies are ensuring they don’t lag in the AI revolution and are willing to prioritize these capabilities, even if it comes at the expense of other initiatives.

Both Google and Amazon have been aggressively investing in AI efforts. Google, seeking to close the gap with Microsoft in the AI race, recently unveiled its Gemini model. Meanwhile, Amazon is developing a model codenamed “Olympus” to compete with OpenAI’s GPT-4 model, the maker of ChatGPT.

Although the layoffs are anticipated to be smaller compared to the massive cuts seen last year, as tech spending picks up in a more stable economy, the tech sector continues to face transformation and evolving hiring priorities. The tech industry witnessed the shedding of 168,032 jobs in 2023, making it the sector with the highest number of layoffs across industries.

While the “Year of Efficiency” in 2023 saw significant cuts, the current push towards AI indicates a change in hiring priorities rather than a similar large-scale reckoning. Tech firms are adapting to the dynamic landscape driven by AI, with a focus on recruiting for roles that cater to the demands of this evolving technology.

Investments in AI have led to increased salaries for roles in this domain. For instance, Match’s Hinge dating app sought a vice president of AI with a base salary of up to $398,000 a year, and Amazon offered a top salary of $340,300 for a senior manager of applied science and generative AI.

The deepening investment in AI is raising expectations among investors for returns, but analysts and experts caution that the payoff for most companies may take time. While Microsoft and Nvidia have emerged as early winners in the AI boom, the industry’s history suggests that substantial profitability from new technologies can take a decade or more.

Daniel Keum, an assistant professor of management at the Columbia Business School, expressed skepticism about the rapid returns from AI but acknowledged differing opinions on the timeline for success in this transformative era.

Amazon could layoff 20,000 employees

December 5, 2022, 8:25 am

Amazon is planning to lay off around 20,000 employees from the company in the coming months.

Meanwhile from several regions, the employees will be fired from distribution centers including their technology staff and corporate executive.

Earlier, CEO Andy Jassy hinted at the layoff but the number of employees to be fired was not mentioned.

According to the media reports the company was planning to fire 10,000 employees but now the new report claimed that the company is planning to fire 20,000 people at all levels.

Moreover, the process of a layoff would continue for a few months, and once the company assesses everything impacted employees will be informed.

Amazon CEO Andy Jassy, “Our annual planning process extends into the new year, which means there will be more role reductions as leaders continue to make adjustments. Those decisions will be shared with impacted employees and organizations early in 2023. We haven’t concluded yet exactly how many other roles will be impacted (we know that there will be reductions in our Stores and PXT organizations), but each leader will communicate to their respective teams when we have the details nailed down. And, as has been the case this week, we will prioritize communicating directly with impacted employees before making broad public or internal announcements.”

However, by reviewing all the department savings cost the number of reductions might have been increased.

Amazon confirms layoffs, 10,000 employees impacted

November 17, 2022, 12:04 pm

Due to an uncertain macroeconomic environment, Amazon has started the process of mass layoffs across the company in the United States this week.

Writing a memo to the worker’s hardware chief Dave Limp wrote, “After a deep set of reviews, we recently decided to consolidate some teams and programs. One of the consequences of these decisions is that some roles will no longer be required.”

“It pains me to have to deliver this news as we know we will lose talented Amazonians from the Devices & Services org as a result,” Limp said on Wednesday.

According to the New York Times, in corporate and technology roles Amazon will lay off approx 10,000 employees. In the history of the company, the cut will prominent.

Meanwhile, as a part of the annual operating planning review process Amazon’s spokesperson Kelly Nantel said there will be roles that will no longer be required.

“As part of our annual operating planning review process, we always look at each of our businesses and what we believe we should change. As we’ve gone through this, given the current macroeconomic environment, some teams are making adjustments, which in some cases means certain roles are no longer necessary. We don’t take these decisions lightly, and we are working to support any employees who may be affected,” Nantel said on Wednesday.

Moreover, the divisions which will be affected are the devices organization, retail organization, and human resources.

However, two months before managers started to inform their employees and asked them to find a new job inside the company or accept severance.

Furthermore, tech giants Meta and Twitter have also announced layoffs there employees on a large scale.

American TV host Whoopi Goldberg announces exit from Twitter

November 8, 2022, 11:28 am

American TV host Whoopi Goldberg has announced her exit from Twitter. Citing a chaos-filled week after Elon Musk took over Twitter, Whoopi Goldberg announced that she would no longer be on the micro-blogging site. She announced the news on her talk show ‘The View’ and ironically, the clip was shared by the team of the talk show on Twitter!

According to Hollywood Reporter, Whoopi Goldberg said, “It’s been a little over a week since Elon Musk took over Twitter and this place is a mess. I’m getting off today because I just feel like it’s so messy, and I’m tired of now having certain kinds of attitudes blocked now getting back on. So I’m gonna get out, and if it settles down enough and I feel more comfortable maybe I’ll come back. But as of tonight, I’m done with Twitter.”

Goldberg also highlighted all the spontaneous announcements that he has made after taking control over the micro blogging site including the reduction of the new blue tick program’s price to USD 8 and staff layoffs and rehirings. She also mentioned the suspension of Kathy Griffin’s account on the pretext of pretending Elon Musk.

Besides Goldberg, Gigi Hadid too made her exit from twitter post layoffs. She announced about her exit from twitter on instagram. While criticising Musk, Gigi wrote, “For a long time, but especially with its new leadership, it’s becoming more and more of a cesspool of hate & bigotry, and it’s not a place I want to be a part of. Only sorry to the fans, who I have loved connecting with for a decade via Twitter, but I can’t say “I can’t stay it’s a safe place for anyone, nor a social platform that will do more good than harm.”

Musk threatens to name shame advertisers who back pedal from twitter

November 5, 2022, 10:31 am

Twitter owner Elon Musk has threatened the advertisers who are backing out after the mass layoffs by the company. Not only this, but Musk has also defended the mass layoffs by stating that twitter was losing more than USD 4 million per day that was impacting the employees who were given severance packages.

Tesla CEO has blamed activists group who are pressurising the advertisers to back out from twitter which is resulting in the descending revenue of the microblogging site. While slamming the activists in a series of tweets, he wrote, “Twitter had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists. Extremely messed up! They’re trying to destroy free speech in America. Thank you. A thermonuclear name & shame is exactly what will happen if this continues.”

Not only this, but Musk has also defended the mass layoffs by stating that twitter was losing more than USD 4 million per day that was impacting the employees who were given severance packages. “Regarding Twitter’s reduction in force, unfortunately, there is no choice when the company is losing over USD 4M/day. Everyone exited was offered 3 months of severance, which is 50% more than legally required,” he further tweeted.

Twitter employees were informed via e-mail about the commencement of the layoffs and nearly 50 % of the employees have been sacked already. Musk’s twitter purchase deal was completed last week only and on the very first day he fired some of the company’s top officials including chief executive Parag Agrawal.