For the reason that starting of this yr, Intel (INTC) has been combating to choose up the items of its struggling enterprise, whereas its CEO has applied vital office adjustments to “fundamentally transform” the corporate’s tradition and operations, sparking innovation.
In July, Intel CEO Lip-Bu Tan acknowledged that the corporate has fallen behind its rivals lately. That is primarily on account of Intel’s lack of innovation in its chip manufacturing processes, which has allowed rivals comparable to Nvidia, IBM, and Samsung to guide within the trade.
“Twenty, 30 years ago, we are really the leader,” mentioned Tan throughout a July dialog broadcast. “Now I think the world has changed. We are not in the top 10 semiconductor companies.”
Intel revealed in its second-quarter earnings report for 2025 that it suffered a web earnings lack of $2.9 billion, greater than the $1.6 billion loss it confronted throughout the identical quarter final yr. Its income additionally remained flat year-over-year.
In response to the corporate’s weak efficiency through the quarter, Tan mentioned throughout an earnings name on July 24 that the corporate will proceed to put off employees because it plans to finish the yr with solely 75,000 workers.
Particularly, Intel goals to cut back its workforce by 15% by the tip of the yr, erasing roughly 25,000 jobs.
Along with job cuts, the corporate additionally applied its return-to-office mandate this month, which now requires workers to work from the workplace 4 days per week.
“Now we have a lot work to do in constructing a clear and streamlined group, which we now have began in earnest and have remained an space of focus for me throughout Q3,” mentioned Tan. “Our goal is to reduce inefficiencies and redundancies and increase accountability at every level of the company.”
Intel quietly makes a harsh change amid struggles
Amid its office transformation, Intel has additionally quietly scaled again an important part from its newest Company Accountability Report.
Final yr, its report contained a 16-page part detailing its dedication to variety, fairness, and inclusion.
Intel CEO Lip-Bu Tan has acknowledged the corporate’s latest weak efficiency.
Picture supply: Bloomberg/Getty Photographs
A few of its objectives had been centered on pay fairness, the enforcement of Worker Useful resource Teams, inclusive hiring practices, provider variety, and LGBTQ+ inclusion.
“Diversity, equity, and inclusion have long been Intel’s core values and are instrumental to driving innovation and delivering strong business growth,” mentioned Intel in its report final yr. “We are advancing diversity, equity, accessibility, and inclusion in our global workforce, and advocating for public policies and laws that address discrimination and inequities impacting our employees and our communities.”
Now, in its Company Accountability Report this yr, the language round its dedication to DEI has dramatically decreased.
Intel nonetheless states within the report that it’s “fostering a culture of inclusion for all,” however particulars concerning its varied DEI initiatives have disappeared.
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“We remain committed to advancing inclusion and accessibility for millions of people by providing the technology and skills needed to access educational, economic, and community resources in our digital economy,” mentioned Intel in its newest report.
Nevertheless, Intel nonetheless selected to incorporate office illustration knowledge within the report and claims that it’s “embracing a wide range of perspectives and experiences” that domesticate a “sense of belonging” that permits workers “to bring their authentic selves to work.”
Intel follows a rising office observe
Intel’s pullback on DEI language in its newest Company Accountability Report comes after the Trump administration invested $8.9 billion in Intel frequent inventory final month, giving the U.S. authorities a ten% stake within the firm.
President Donald Trump has been outspoken about his distaste for DEI insurance policies. In January, he issued an government order dismantling the federal authorities’s DEI applications, claiming they implement “illegal and immoral discrimination.”
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Many corporations have both scaled again or totally eliminated their DEI insurance policies after President Trump took workplace earlier this yr.
Based on a latest survey from Resume.org, one in 5 corporations eradicated DEI since Trump’s reelection. Additionally, 57% of corporations that eliminated DEI insurance policies report fewer hirings of a number of underrepresented teams.
“DEI initiatives shouldn’t be political; they should be strategic,” mentioned Kara Dennison, head of profession advising at Resume.org, within the survey. “They can help attract top talent, foster inclusive leadership, and boost retention, especially among younger and more diverse employees. Companies that abandon DEI risk reputational harm, disengagement, and an inability to adapt to an increasingly global, values-driven marketplace.”
Associated: Intel publicizes a drastic determination to repair its struggling enterprise
