Intel Stock Falls as It Cuts Thousands of Jobs. It Faces These Big Questions.
1. Intel to lay off 2,976 workers to stabilize finances amidst operating cuts. 2. CEO Tan has not revealed a detailed strategy after management shakeup. 3. Intel aims to attract AI chip designers with its new 18A manufacturing process. 4. Analysts express skepticism about skipping the promising 18A process. 5. Intel expected to report earnings slightly exceeding consensus, maintaining Neutral rating.