Bu Tan, announced that it's laying off staff and tightening its return-to-office rule as the Bay Area giant tries to right its course.

Do you know rising stars in Silicon Valley? Nominate them for our annual 40 Under 40 special editorial coverage and awards event.

Intel plans workforce cuts and a tighter return-to-work policy, but the company, a major Chandler employer, didn't announce specific layoff numbers.