Intel Corp. plans employment reductions and a tighter return-to-work policy in coming months, but the company, a major employer in Chandler, didn’t announce specific layoff numbers in a quarterly earnings report on April 24 or in a message from its new CEO.

Media reports in recent days have suggested Intel could lay off more than 20% of its workforce, which numbered about 109,000 employees at the end of last year, including 12,000 in and around Chandler. The semiconductor giant lost $18.8 billion in 2024 amid a flagging performance.

The new CEO, Lip-Bu Tan, promised bold action but alluded to job reductions starting in the current quarter that might span “several months.” He vowed actions including a flatter executive team, greater empowerment of the company’s engineers, streamlining teams, cutting back on meetings and reducing the number of people attending meetings.