The organisation has let go of thousands of people since 2024, in an effort to cut costs.
Shares at Intel have rallied since the company announced it would be cutting additional jobs to further reduce costs and make changes to its key data centre unit. On Tuesday (21 July), it was reported that an unspecified number of roles at the data centre group (DCG) are expected to be affected.
Reportedly, Intel has reduced its headcount by more than 35,000 employees since 2024, with major cuts announced in both 2024 and 2025. Since the most recent announcement, it has been reported by Bloomberg, that Intel’s stock has risen by 8.6pc in a prolonged rally in which stock has more than doubled this year.
In a statement, which was first shared with The Oregonian, a representative for Intel said, “As part of our broader strategy to become a more focused and efficient company, DCG is aligning its organisation to ensure it has the right roles and skills in place to position the business for long-term success.”
Intel added, “We are committed to treating all impacted employees with respect and providing resources to support them through this transition.”
