Intel to lay off 22% of workforce
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A prominent investment analyst warned Intel may be cutting too deep, eliminating "pivotal" resources in the name of short-term profits.
"We are making hard but necessary decisions to streamline the organization," writes the tech giant's CEO in a memo to employees.
Intel Corporation's latest Q2 earnings have embedded several bombshell updates to its turnaround strategy. Click here to find out why INTC stock is a Hold.
After all, Lip-Bu Tan is not just tweaking the playbook for Intel stock – he’s rewriting it! Since stepping into the role in March 2025, Lip-Bu Tan has initiated a sweeping transformation that diverges sharply from the expansive, capital-heavy strategy of his predecessor, Pat Gelsinger.
It is beginning to look like Intel plans to milk the impending 18A manufacturing process for a long time. The 18A process is akin to a refined 2 nanometer
Intel faces earnings pressure from restructuring and slow progress but shows long-term turnaround potential with CapEx cuts. Read why INTC stock is a strong buy.
Intel delivered better-than-expected revenue for its second quarter and issued a fairly positive outlook for its third quarter, but other moves were in the spotlight as the company report | Intel CEO Lip Bu-Tan backed the company's 18A process technology as it continues to cut jobs and pull back on its factory build-outs.