Bu Tan, announced that it's laying off staff and tightening its return-to-office rule as the Bay Area giant tries to right its course.

Today is Intel’s Q1 2025 earnings call, and the first we’re truly hearing from new Intel CEO Lip-Bu Tan, who took over the company on March 18th. But he didn’t wait until the call to announce major changes at Intel, nor did he begin his reign by laying off 20 percent of the company’s employees, as Bloomberg reported he might.

New Intel CEO Lip-Bu Tan told workers Thursday that they must be on site four days a week beginning Sept. 1, a step toward improving collaboration as he looks to remake the chipmaker. “When we spend time together in person,