Intel’s Chief Strategy Officer Exits Amid Layoffs: Report
In a recent development, Intel’s Chief Strategy Officer, Safroadu Yeboah-Amankwah, has announced his departure from the company, effective June 30. This news comes amid Intel’s plans to lay off 20% of its workforce, marking a significant change in the company’s leadership structure. According to a report by Reuters, Yeboah-Amankwah’s exit marks the latest change since Lip-Bu Tan took over as Intel’s CEO in March.
As Chief Strategy Officer, Yeboah-Amankwah has been instrumental in overseeing Intel’s growth initiatives, strategic partnerships, and equity investments. His departure is likely to have a significant impact on the company’s future direction and strategy. Yeboah-Amankwah has been with Intel for five years, and his exit is a significant loss for the company.
Intel’s decision to lay off 20% of its workforce is part of a broader effort to restructure the company and adapt to changes in the global technology landscape. The layoffs are expected to affect various departments, including sales, marketing, and engineering. While the exact number of affected employees has not been disclosed, the move is expected to result in significant cost savings for the company.
The news of Yeboah-Amankwah’s departure and the layoffs comes as Intel is grappling with a range of challenges, including increased competition from rivals, declining PC sales, and the impact of the global chip shortage. In recent years, Intel has faced significant competition from rival chipmakers, including AMD and ARM. The company has been working to diversify its product portfolio and expand its presence in emerging markets, but the challenges have been significant.
Under Yeboah-Amankwah’s leadership, Intel has made significant progress in terms of its growth initiatives and strategic partnerships. The company has invested heavily in emerging technologies, including artificial intelligence, 5G, and the Internet of Things (IoT). Yeboah-Amankwah has also played a key role in Intel’s equity investments, including its investment in autonomous driving startup, Mobileye.
Despite the progress made by Yeboah-Amankwah, Intel’s decision to lay off 20% of its workforce is a significant setback for the company. The layoffs are likely to have a ripple effect on the company’s culture and morale, and it remains to be seen how the company will adapt to the changes.
In a statement, Intel confirmed Yeboah-Amankwah’s departure and the layoffs, saying that the company is “committed to becoming a more agile and efficient organization” and that the layoffs are part of a broader effort to “streamline our operations and focus on our core businesses.”
The news of Yeboah-Amankwah’s departure and the layoffs is likely to have significant implications for Intel’s future direction and strategy. As the company looks to adapt to changes in the global technology landscape, it remains to be seen how the company will evolve and what role Yeboah-Amankwah’s departure will play in shaping its future.
Source:
https://www.reuters.com/business/intels-top-strategy-officer-depart-this-month-2025-06-28/
