Intel to Lay Off Over 21,000 Employees, Over 20% Of Its Workforce - 1

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Intel to Lay Off Over 21,000 Employees, Over 20% Of Its Workforce

  • Written by Andrea Miliani Former Tech News Expert
  • Fact-Checked by Sarah Frazier Former Content Manager

Bloomberg reported that Intel is planning on laying off over 21,000 employees, more than 20% of its workforce. A person familiar with the matter said it was part of a restructuring strategy under the new CEO Lip-Bu Tan.

In a rush? Here are the quick facts:

  • Bloomberg reveals Intel plans to lay off over 21,000 employees, over 20% of the workforce.
  • The decision has been made under the new CEO Lip-Bu Tan’s restructuring plans.
  • Intel also cut over 15,000 jobs in 2024.

According to Bloomberg’s report , an anonymous source explained the job cuts are part of a “streamline management and rebuild an engineering-driven culture.” This layoff wave comes just a few months after another layoff announcement last year.

In August 2024, CEO Pat Gelsinger announced a massive layoff of over 15,000 employees , over 15% of the workforce at the time, to reduce costs.

Intel hasn’t made an official announcement yet, however, Tan shared part of his vision a few weeks ago at Intel Vision 2025.

The CEO said he assumed the role knowing that there were many challenges to face and that the company wasn’t performing well, but that he loves the company and wants it to succeed.

“It won’t be easy, we have had a tough period for quite a long time at Intel,” he said. “We fell behind on innovation, as a result, we have been too slow to adapt and meet your needs.”

Tan said he wants to focus on innovation, meeting customers’ needs, and building an engineering-driven company.

According to a recent Reuters exclusive , Tan is focused on improving performance in manufacturing by building AI chips for models, robotics, and software.

Intel is struggling to win the AI chip race and the new CEO is making difficult decisions with a new approach to succeed in the market. Other tech giants have also been developing hardware for AI products. Meta already started testing its new in-house chips , and TSMC recently announced a new partnership with the U.S. government to build chip facilities in Arizona. And, despite losing nearly $600 billion in market value in January, Nvidia remains the most powerful company in the industry.

Cybersecurity CEO Accused Of Hacking Hospital Computer With Malware - 2

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Cybersecurity CEO Accused Of Hacking Hospital Computer With Malware

  • Written by Kiara Fabbri Former Tech News Writer
  • Fact-Checked by Sarah Frazier Former Content Manager

A local cybersecurity CEO has been arrested for allegedly installing malware at St. Anthony Hospital, sparking alarm over trust in cyber professionals.

In a rush? Here are the quick facts:

  • Malware captured screenshots every 20 minutes, sent them externally.
  • Bowie posed as a visitor, claiming a family member was in surgery.
  • No patient data was accessed thanks to quick detection.

An Oklahoma cybersecurity CEO has been arrested after being accused of installing malware on a hospital computer, as first reported by HIPAA Journal .

On August 6, 2024, Jeffrey Bowie, CEO of an Edmond-based cybersecurity company, was caught on surveillance cameras wandering the halls of SSM Health’s St. Anthony Hospital in Oklahoma City. According to police, Bowie entered several offices before accessing two computers—one of which was for staff use only, as reported by News9 .

Authorities say that within 10 minutes, he installed malware designed to take screenshots every 20 minutes and send them to an external IP address, as reported by Koco News5 . He told a hospital employee who questioned him that he needed to use the computer because he had a family member in surgery.

St. Anthony Hospital launched a forensic investigation and found the suspicious software. Fortunately, no patient data was accessed. “On August 6th, 2024, an unauthorized individual was identified accessing a hospital computer in an alleged attempt to install malware,” the hospital said in a statement, as reported by Cybernews .

“Due to precautions in place, the issue was addressed immediately, and no patient information was accessed. We worked closely with law enforcement during the investigation,” the statement added.

Bowie was arrested by Oklahoma City police last week and is facing two counts of violating the Oklahoma Computer Crimes Act. If convicted, he could face fines of up to $100,000 and a prison sentence of up to 10 years, as reported by HIPAA.

Interestingly, Bowie’s former employer, Alias Cyber Security, revealed they had let him go years ago due to ethical concerns. Koco News reports that their CEO, Donovan Farrow, commented on the case:

“I wasn’t that surprised… Some people just do things out of desperation just trying to grow themselves… I love the cybersecurity community. I want everyone to grow in that, but this is uncalled for, and it puts a bit of a stain on this type of business”