Intel Confirms More Layoffs in Its Data Center Unit as Stock Rallies on Turnaround Momentum
Intel said the cuts are part of a broader effort to streamline operations and support long-term growth, with no job total disclosed.
- On Tuesday, Intel announced layoffs targeting its Data Center Group as part of effort to become "more focused and efficient," though the precise number of affected positions remains undisclosed.
- CEO Lip-Bu Tan, appointed in March 2025, is executing a turnaround strategy that includes aggressive workforce reductions; Intel announced plans to reduce its global workforce by about 15%, with more than 5,000 U.S.-based employees already laid off throughout 2025 in California, Oregon, Arizona and Texas.
- The Data Center and AI Group oversees Intel's server processors and custom AI chips, generating $5.05 billion in first-quarter 2026 revenue, up 22% from a year earlier; on Tuesday, Intel announced Fortinet as its first named foundry customer for next-generation security chip development.
- Intel assured stakeholders the restructuring would not affect product roadmaps and commitments, while shares closed Monday up 2.13% at $97.06 and rose another 0.60% to $97.64 in after-hours trading.
- Tech sector layoffs remain elevated, with 121,326 jobs eliminated so far in 2026 nearly matching 2025's full-year total of 122,606; Intel's stock has surged roughly 179% since year-start following President Donald Trump's White House announcement of an Apple partnership, while the U.S. government holds nearly 10% as largest shareholder.
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Intel confirms more layoffs in its data center unit as stock rallies on turnaround momentum
Intel confirmed on Tuesday that it will cut an unspecified number of jobs in its data center group, the division responsible for Xeon server processors and AI-related hardware, as part of a broader restructuring under CEO Lip-Bu Tan. Shares rose as much as 8 percent in early trading, extending a rally that has seen the […] This story continues at The Next Web
Intel plans new job cuts after laying off 40,000 in the last two years
Intel is preparing another round of layoffs, this time targeting its Data Center Group as the company continues a multi-year restructuring which has already led to a global workforce reduction by 40,000. While it is not clear how many jobs Intel plans to eliminate with the latest cuts, the chipmaker said they won’t affect its product commitments or roadmaps. “As part of our broader strategy to become a more focused and efficient company, (the da…
Intel to cut jobs in Data Center and AI Group, company says: As part of our broader strategy to become a more ...
Tech News News: Intel has reportedly started a new round of layoffs, this time targeting its data center group. According to reports, Intel told employees in its data.
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