Intel Corp. Chief Executive Officer Lip-Bu Tan gave investors a stark diagnosis of the chipmaker’s problems on Thursday, along with the sense that it will take a while to fix them.

“The current macro environment is creating elevated uncertainty across the industry, which is reflected in our outlook,” Intel chief financial officer David Zinsner said in the earnings report. Zinsner said he does not have an estimate for the size of the workforce reduction.

Intel shares fell nearly 6% in premarket trade on Friday after the chipmaker's weak revenue and profit forecast disappointed investors hoping for reassurances from new CEO Lip-Bu Tan's turnaround strategy.

Intel CEO Lip-Bu Tan announced Thursday that hybrid employees must return to the office at least four days a week by September, according to Investopedia. Tan said Intel's offices should be vibrant hubs of collaboration,

In March, when Intel appointed new CEO Lip-Bu Tan, he wrote that he intended to "remake" the struggling Bay Area tech giant. On Thursday, that effort became more tangible for workers - Tan is amping up Intel's in-office requirement and planning to lay off a chunk of its staff.

Intel is making headlines with a significant restructuring decision, reportedly laying off 20% of its workforce this week. According to Bloomberg, these layoffs are part of the company’s strategy to streamline management,