Because nothing says “corporate reinvention” like laying off thousands
Ah, Intel. The once queen of semiconductors that now seems to play “how many employees can we cut before someone notices that we are missing the technological train?”. According to our friend The Oregonian (who clearly has better sources than the typical chip salesman on the corner), the company plans to send home 20% of its Intel Foundry division. The official reason? “Strategic refocusing”. The real one? Probably something like “Oops, we fell asleep during the AI boom.”.
From music CEOs to recurring cuts
Remember, this comes after Pat Gelsinger packed his bags on what we can only assume was a corporate “every man for himself!”, handing over to Lip-Bu Tan, whose master plan seems to be “fire first, ask questions later.” Priorities? According to him: “refocus” (translation: sell what is not profitable and cut what is left over). Of course, with style: in 2024 they had already eliminated 15,000 positions. Because, of course, why invest in talent when you can… er… buy more machines?
The most ironic thing is that Intel Foundry is precisely dedicated to manufacturing chips for others. In other words, the division that should be covered in bills due to the global shortage of semiconductors. But no, better to tighten screws (and employees). Of course, like all good corporate drama, the rumors had been circulating since April. Is anyone betting that the next layoffs will be announced on TikTok?
Moral of the day: In the tech world, you either innovate… or you dedicate yourself to making PowerPoints about “human resources optimization” while your competitors eat the cake. What’s next? Sell the cafeteria to “improve energy efficiency”?
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