Intel’s Strategy Chief Exits as Company Prepares for Massive Layoffs and Division Shutdowns
Safroadu Yeboah-Amankwah, Intel’s Chief Strategy Officer, is stepping down today, June 30, 2025—just weeks before the company initiates a sweeping 20% global workforce reduction starting July 15. The layoffs are part of a broader restructuring strategy that includes shutting down Intel’s automotive-chip division, a surprising pivot amid growing EV and AI integration.
Image Source: Intel
What’s Behind the Exit?
Yeboah-Amankwah joined Intel in 2020 from McKinsey & Co. and played a key role in:
- Driving Intel’s "IDM 2.0" strategy for chip foundries
- Leading AI transition planning
- Expanding business in emerging markets
While no official reason has been given, insiders suggest his exit is linked to:
- Clashes over the future of Intel’s automotive and IoT units
- Investor pressure to cut costs and boost profitability amid growing competition from Nvidia and AMD
Layoffs & Restructuring Details
Starting July 15, Intel will:
- Lay off nearly 20% of its global staff
- Shut down the automotive-chip division, once seen as a future growth driver
- Refocus on AI compute, server chips, and foundry services
This move aligns with a broader 2025 trend where tech giants pivot away from legacy hardware to chase AI efficiency and revenue.
Also Read: Jeff Bezos Marries Lauren Sánchez in $50M Venice Wedding with Hollywood’s Elite in Attendance
Industry Reactions
- Analysts call it “bold but risky,” with potential talent loss during a crucial tech transformation.
- Some insiders fear this will delay automotive partnerships already in place with firms like BMW and Stellantis.
- Investors are watching closely as Intel tries to realign its strategy without alienating its core markets.
Share
You may also like
Jeff Bezos Marries Lauren Sánchez in $50M Venice Wedding with Hollywood’s Elite in Attendance
Summary
Read Full
open_in_newJeff Bezos, Amazon founder and one of the world’s richest men, married Lauren Sánchez this week in Venice, Italy, during a $50 million, three-day celebration that captivated tabloids and tech-watchers alike. With Lady Gaga performing, and a guest list including Oprah Winfrey, Leonardo DiCaprio, and Kim Kardashian, the wedding blended luxury, spectacle, and star power in true billionaire fashion.
PRO FX Tech Launches ₹40.3 Cr IPO at ₹82–₹87/Share — Betting Big on India’s AV Market
Summary
Read Full
open_in_newPRO FX Tech, a prominent name in premium audio-visual (AV) distribution in India, launched its initial public offering (IPO) today, June 26, 2025. With a price band of ₹82–₹87 per share, the company aims to raise ₹40.3 crore to fuel its expansion in India’s booming home entertainment and commercial AV sectors.
Summary
Read Full
open_in_newIn a newly released report, Accenture is urging European companies to fast-track AI integration or risk falling behind global competitors. The report highlights that despite strong AI research in Europe, actual enterprise-level adoption remains sluggish, fueling a productivity gap compared to the U.S. and Asia.
Tech Layoffs Continue in 2025 as AI Restructuring Reshapes Workforce at Meta, Microsoft, and More
Summary
Read Full
open_in_newThe global tech industry’s AI pivot is triggering another wave of mass layoffs in 2025, with companies like Meta, Bumble, Microsoft, Disney, Intel, and others cutting thousands of jobs. While AI is driving innovation and efficiency, it’s also replacing roles, particularly in operations, customer support, marketing, and content moderation.
Summary
Read Full
open_in_newDanish aerospace innovator GomSpace has secured a €19.5 million contract to develop a next-generation satellite network in Europe. The deal solidifies GomSpace’s reputation as a leader in small satellite (smallsat) technology and reflects growing demand for low-Earth orbit (LEO) constellations to power the future of connectivity, Earth observation, and defense systems.
Tata Communications Shakes Up Broadband Market with ₹850 Plan — 100 Mbps, OTT Access, and More
Summary
Read Full
open_in_newTata Communications has officially launched a ₹850/month broadband plan in India, bundling 100 Mbps speed, unlimited data, free OTT subscriptions, and live TV channels. The offering directly challenges incumbents JioFiber and Airtel Xstream, signaling Tata’s serious push into India’s fast-growing home internet space.
Summary
Read Full
open_in_newThe UK’s Competition and Markets Authority (CMA) has proposed granting Google "Strategic Market Status" (SMS) under its Digital Markets, Competition and Consumers Act (DMCC). This would give regulators greater authority to enforce choice screens, ensure fair rankings, and curb anti-competitive practices—a major development in the global effort to regulate Big Tech.
Post a comment
Comments
Most Popular
Categories
