Tan emphasized that Intel should return the missing abilities and that new employees should hire after the high fluidity of the administrator for several years. Meanwhile, according to some reports, Intel decided to fall to 20 % of employees.
Tang said that the teams want to be less, so that they want decisions to be taken faster and that they plan to eliminate unnecessary management levels that slow down to reduce the bureaucracy. Tan said that Intel was loaded with bureaucracy that prevents innovation. “I’m here to fix it,” he promised.
Although Intel predicted exceeded expectations, the company’s shares fell more than 6% after the announcement.
Source: Ferra
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