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Another big American employer expects to see more of its people around the office—and fewer people in total.
New Intel (INTC) CEO Lip-Bu Tan late Thursday said in a letter to employees—and published online—that hybrid employees should be on-site at least four days a week by Sept. 1, up from a policy of “approximately three,” to which he said people had been “uneven” in adhering.
Tan’s letter stated: “I strongly believe our sites should be vibrant hubs for collaboration that reflect our culture.” Amazon (AMZN), a major American company, is just one example of many that have been reversing hybrid- and remote-work policies established during the pandemic.
The letter was published along with quarterly financial results, which included a gloomy forecast. The letter also discussed other changes such as a “flatter structure” in management, a rethinking the size and frequency of meetings, and a move to reduce bureaucracy. While it did not announce the layoffs reported in recent weeks, it made it clear that they would be coming.
"There is no way around the fact that these critical changes will reduce the size of our workforce," Tan wrote. "As I said when I joined, we need to make some very hard decisions to put our company on a solid footing for the future."
He said the process would begin in the second half of the year. "We will move as quickly as possible over the next several months," Tan wrote.
According to its annual report, Intel had more 100,000 employees in the world at the end of last.
