It’s been another eventful week in tech, with AI infrastructure deals, chipmaker layoffs, and fresh commentary on the AI trade dominating headlines. Here’s a quick recap of the major tech stories that came in over the week.
Intel Launches Fresh Layoffs in Data Center and AI Unit
Intel Corp. (NASDAQ:INTC) cut jobs within its Data Center and AI Group even as the division posted 22% year-over-year revenue growth in the first quarter, part of CEO Lip-Bu Tan‘s broader plan to cut the company’s global workforce by about 15%. More than 5,000 U.S.-based employees have already been laid off since 2025.
Read the full article here.
Jim Cramer Warns Investors Could Be ‘Slaughtered’ by Overloaded Tech Portfolios
