AIThe Next Webabout 2 hours ago
Intel cuts jobs in data center unit
1 min read
Intel confirmed job cuts in its data center group, which makes Xeon server processors and AI hardware, as part of a restructuring under CEO Lip-Bu Tan. Shares rose up to 8 percent in early trading. The company has reduced headcount by over 35,000 since 2024, when ex-CEO Pat Gelsinger reported $1.6 billion in losses from data center and foundry divisions.
Level
Hype check
Tap to vote and see what everyone thinks.
In this storyIntel
Summary by ByteBrief
