United Kingdom, April 25 -- Intel has confirmed it is planning to lay off staff in the second quarter (Q2) of 2025.

A recent report from Bloomberg claimed the tech giant was looking to let go of 20 per cent of its current employees, and Intel CEO Lip-Bu Tan has now said it will indeed be axing several jobs to remove "unnecessary bureaucracy" from the company - though has not confirmed the exact number of planned layoffs.

In an email sent to staff, Tan said: "As we refocus on engineering, we will also remove organisational complexity.

"Many teams are eight or more layers deep, which creates unnecessary bureaucracy that slows us down.

"I'm a big believer in the philosophy that the best leaders get the most done with the fewest people. W...