Tech
Intel to reduce headcount; shuts down automotive chip division
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Intel has begun reducing its workforce as part of a cost-cutting and restructuring strategy. The decision comes as the chipmaker is reportedly shutting down its automotive chip division.
The report was based on an internal message Intel sent to employees on Wednesday. CEO Lip-Bu Tan had hinted at a workforce reduction of nearly 15–20% two months ago, affecting roles such as chip design engineers, cloud software architects, engineering managers and architects, according to a report by tech magazine CRN.
The layoffs mark the first major move under the…
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