Search
Intel (INTC.US) experienced a remarkable surge in its pre-market stock price, climbing over 5% to reach $101.93. The tech giant is embarking on a fresh wave of layoffs, with the data center division bearing the brunt of the cuts. The exact number of employees affected remains undisclosed at this stage. Intel clarified that these layoffs are part of a strategic move to sharpen the company’s focus and boost operational efficiency. The organizational restructuring within the data center division is seen as a crucial step toward securing long-term business success. Following the reorganization, operations are expected to become more streamlined and efficient. Over the past four years, Intel’s global workforce has seen a significant reduction, shrinking by nearly 40%, from close to 132,000 employees in 2022 to approximately 81,000 at present.
-
C114 Communication Network -
Communication Home
