Intel has cut 35,500 jobs in less than two years — more than 20,000 let go in in recent months as Lip-Bu Tan continues drastic recovery journey

The first announcement that Lip-Bu Tan made a day after becoming the permanent chief executive of Intel was about massive layoffs to right-size the company in accordance with market realities. Now, the extent of those layoffs is becoming clearer, indicating Intel let go of as many as 20,500 employees in about three months. If we add 15,000 positions eliminated by the previous management, that means Intel reduced its headcount by 35,500 people in less than two years.

Intel had 108,900 personnel as of…