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Intel Cuts Jobs to Stay Competitive | Durham News
Intel’s bold restructuring hits its top-performing division as it slashes jobs in the Data Center and AI Group to stay competitive amid rising pressure from AMD and in-house chip development by tech giants. Despite the move targeting its most profitable unit — which generated over $5 billion last quarter — the company insists it won’t disrupt product timelines. CEO-led overhaul includes cutting 5,000 U.S. jobs, shuttering the automotive chip division, and trimming management layers to eliminate inefficiencies. With Q2 earnings expected to soar and stock prices rising, the market sees these…
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