Intel CEO Lip-Bu Tan stated that the layoffs followed a "systematic review" of the company's headcount and spending. Intel CEO Lip-Bu Tan, 65, said in a memo to staff on Thursday that Intel is implementing a plan to reduce its workforce by 15%. "Our goal is to reduce inefficiencies and redundancies and increase accountability at every level of the company," Tan stated on the call. Intel CEO Lip-Bu Tan. He became Intel's CEO on March 18, replacing former CEO Pat Gelsinger.