Intel Reveals Leadership Overhaul, Layoff Plans

Intel has announced a major leadership overhaul under new CEO Lip-Bu Tan, appointing Greg Ernst as chief revenue officer and hiring Srinivasan Iyengar (formerly Cadence Design Systems), Jean-Didier Allegrucci (from Rain AI and formerly Apple), and Shailendra Desai (from Google) to key engineering positions. Iyengar will lead a new customer engineering center, while Allegrucci and Desai will focus on developing next-generation AI chip technologies. The executive changes are part of Tan's strategy to streamline management, strengthen engineering, and revitalize Intel's foundry and AI businesses. Intel also plans significant layoffs, potentially affecting up to 20% of its global factory workforce, to address financial pressures and improve competitiveness. These moves reflect Intel's efforts to sharpen customer focus, accelerate its AI roadmap, and position itself for future growth amid industry challenges.