The Entrepreneurs Weekly
No Result
View All Result
Sunday, August 10, 2025
  • Login
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
Subscribe
The Entrepreneurs Weekly
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
No Result
View All Result
The Entrepreneurs Weekly
No Result
View All Result
Home Business

Intel Mandates That Employees Work Onsite Four Days a Week | Entrepreneur

by Brand Post
April 25, 2025
in Business
0
Intel Mandates That Employees Work Onsite Four Days a Week | Entrepreneur
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Days after a report that Intel was planning to cut one-fifth of its staff, the chipmaker announced that employees would have to work from the office four days a week.

Intel’s new CEO Lip-Bu Tan, 65, who began leading the company last month, delivered the news during Intel’s first quarter 2025 earnings call on Thursday.

In the call, Tan stated that the company was “mandating” four days a week in-person, effective September 1, a departure from the previous policy of three days a week in the office.

“I know firsthand the power of teamwork, and this action is necessary to re-instill a more collaborative work environment, improve efficiency, and boost innovation,” Tan said.

Related: Intel Held Days of Pivotal Meetings to Create a Plan to Turn Things Around: ‘No Shortage of Rumors and Speculation’

Tan framed the move as a way to reduce costs by becoming more efficient as an organization. On Thursday, Intel reported a net loss of $800 million for its first quarter, double the $400 million net loss it reported for the same time last year.

In a memo sent to employees on Thursday, which has since been published on Intel’s site, Tan reiterated the importance of working in person more often.

“When we spend time together in person, it fosters more engaging and productive discussion and debate,” Tan wrote. “It drives better and faster decision-making. And it strengthens our connection with colleagues.”

Intel is also planning to move forward with layoffs to cut costs. Tan wrote in the memo that he intends to remove layers of bureaucracy and reduce the size of Intel’s workforce. He stated that layoffs would start this quarter or occur from April through June. According to a Bloomberg report released Tuesday, Tan is planning to lay off over 21,000 roles, or 20% of Intel’s 108,900-person workforce, in Intel’s biggest round of cuts yet.

Related: ‘This Company Has Been My Life’: Intel CEO Retires, Reportedly Forced Out

Return-to-office mandates can also be seen as quiet layoffs, or a way to bring about voluntary turnover as employees consider leaving their jobs due to more stringent on-site work requirements. A report last year from Bamboo HR found that one in four C-suite executives hoped return-to-office orders would encourage employees to quit.

Tan became CEO of Intel on March 18 after decades of experience in the chipmaking business. He was CEO of chip software company Cadence Design Systems from 2009 to 2021 and served on Intel’s board of directors from September 2022 to August 2024.

Tan is tasked with turning Intel around after years of declining revenue and increasing competition from rivals like Nvidia and AMD in the AI chip market. Intel’s annual revenue dropped from $79 billion in 2021 to $53.1 billion in 2024. For the first quarter of 2024, revenue was flat year-over-year at $12.7 billion.

Intel stock has declined by over 40% in the past 12 months and by over 66% in the past five years at the time of writing.



Source link

Tags: Business NewsDaysEmployeesentrepreneurIntelMandatesNews and TrendsOnsiteReturn to officeReturn To The OfficesScience & TechnologyWeekWork

Related Posts

Power and Portability Meet In This Near-Mint 13″ MacBook Pro | Entrepreneur
Business

Power and Portability Meet In This Near-Mint 13″ MacBook Pro | Entrepreneur

August 9, 2025
How to Run Multiple Businesses — From a CEO Who’s Doing It | Entrepreneur
Business

How to Run Multiple Businesses — From a CEO Who’s Doing It | Entrepreneur

August 9, 2025
5 Trading Secrets That Could Mean Retiring 30 Years Early | Entrepreneur
Business

5 Trading Secrets That Could Mean Retiring 30 Years Early | Entrepreneur

August 9, 2025
  • Trending
  • Comments
  • Latest
Meet Amir Kenzo: A Well Known Musical Artist From Iran.

Meet Amir Kenzo: A Well Known Musical Artist From Iran.

August 21, 2022
Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

April 20, 2024
Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

May 10, 2024
Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

August 8, 2024
Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

0
U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

0
GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

0
Brad Winget’s Tips and Tricks on Having a Career in Real Estate

Brad Winget’s Tips and Tricks on Having a Career in Real Estate

0
Power and Portability Meet In This Near-Mint 13″ MacBook Pro | Entrepreneur

Power and Portability Meet In This Near-Mint 13″ MacBook Pro | Entrepreneur

August 9, 2025
How to Run Multiple Businesses — From a CEO Who’s Doing It | Entrepreneur

How to Run Multiple Businesses — From a CEO Who’s Doing It | Entrepreneur

August 9, 2025
5 Trading Secrets That Could Mean Retiring 30 Years Early | Entrepreneur

5 Trading Secrets That Could Mean Retiring 30 Years Early | Entrepreneur

August 9, 2025
I Asked ChatGPT’s New Agent What to Post Next — It Got 50,000 Views in 48 Hours | Entrepreneur

I Asked ChatGPT’s New Agent What to Post Next — It Got 50,000 Views in 48 Hours | Entrepreneur

August 9, 2025

The EW prides itself on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

Transcending the bounds of Chicago to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

NEWS

  • Business
  • Politics
  • Entrepreneurship
  • Entertainment
Instagram Facebook

© 2024 Entrepreneurs Weekly.  All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
  • POLITICS
  • BUSINESS
  • CONTACT US
  • ADVERTISEMENT

Copyright © 2024 - The Entrepreneurs Weekly

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In