Bu Tan has announced sweeping restructuring measures including layoffs, management cuts, and an expanded return-to-office mandate as the struggling chipmaker attempts to regain its competitive edge. The changes aim to eliminate "unnecessary bureaucracy" and streamline operations to foster innovation,

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Intel's quarterly results will offer the clearest look yet at new CEO Lip-Bu Tan's turnaround strategy for the embattled American chipmaker, and investors are hoping for early signs that he is reversing years of strategic lapses.