Intel CEO Unveils Organizational Changes

This is a news story, published by Verge, that relates primarily to Lip-Bu Tan news.

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new Intel CEO Lip

Verge

•

Technology

Intel will require four-day office work week as it aims to ‘flatten organization’

Summary

Nutrition label

74% Informative

New Intel CEO Lip-Bu Tan announces major changes at the company today .

He says he wants to flatten the organization by eliminating management layers and enabling faster decision-making.

The company is subtly suggesting that job cuts are nigh, but that they might come from Intel ’s individual leaders rather than layoffs.

Intel has reduced its operating expense and capital spending targets going forward.

CEO: "Our competitors are lean, fast and agile — and that’s what we must become to improve our execution" CEO: We need to be laser-focused on developing the best products and earn trust by delivering the performance, quality and reliability they need to succeed.

Intel was once widely seen as the world’s most innovative company.

There's no reason we can’t get back there, so long as we drive the changes needed to improve.

It will require painful decisions, but we will make them knowing it's what we must do to serve our customers better as we build a new Intel for the future.

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Informative language

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Article tone

informal

Language

English

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not offensive

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not hateful