Intel Plans to Slash Over 20% of Workforce: Report. The Stock Is Rising. - Barron's
1. Intel CEO promises significant restructuring, including mass layoffs of over 20%. 2. Approximately 22,000 jobs will be cut from a workforce of 108,900. 3. Intel stock rose 4.6% in premarket trading after a tough year, down 43%. 4. The company is testing a new 18A chip-manufacturing process to compete. 5. Intel aims to attract external customers like Nvidia and Broadcom for new tech.