Intel is joining the hardcore tech bandwagon: 'The best leaders get the most done with the fewest people'

Core Insights - Intel's new CEO, Lip-Bu Tan, is implementing significant changes to the company's culture, focusing on increased in-office work, reduced administrative tasks, and leaner teams [1][3][6] - The company plans to lay off employees in the coming months, although the exact number of reductions is not specified [2][4] - Intel's recent earnings report showed flat revenue of $12.7 billion and a loss of$800 million, contributing to a 5% drop in stock price after hours due to weaker-than-expected guidance [4][5] Company Changes - Tan has mandated that employees work four days in the office, up from three, and has made the company's goal framework, OKRs, optional [3] - The CEO is focused on eliminating unnecessary meetings and reducing the number of attendees to improve efficiency [3][6] - The company is shifting away from a focus on team size as a key performance indicator, emphasizing productivity with fewer employees [2] Industry Context - Intel's changes reflect a broader trend in the tech industry, where companies like Meta, Google, and Amazon are rethinking their workforce strategies post-pandemic [7][8] - The industry is moving towards a "great flattening," reducing middle management to create more streamlined teams and less bureaucracy [7][8] - Competitors are described as "lean, fast, and agile," which is the direction Intel aims to pursue to enhance execution [8]