Intel Corp. (NASDAQ:INTC) has launched another round of layoffs, this time affecting employees in its Data Center and AI Group, as CEO Lip-Bu Tan continues a sweeping restructuring effort just days before the chipmaker is set to report second-quarter earnings.
Intel Targets Data Center and AI Workforce
The company has not disclosed how many employees will be impacted by the latest job cuts.
Intel said the move is part of its broader effort to streamline operations and position the business for long-term growth, rather than a shift in its product strategy, Seeking Alpha reported on Monday.
An Intel spokesperson reportedly said that the company is becoming more “focused and efficient” by aligning the organization with the “right roles” and skills needed for future success.
