Intel undergoes massive layoffs before crucial earnings report under new CEO, stock sees some increase.
From Nasdaq: 2025-04-24 11:31:00
Intel Corporation (NASDAQ: INTC) is undergoing significant operational changes to revitalize the company under new CEO Lip-Bu Tan. Reports indicate plans for layoffs impacting over 21,000 employees, a move preceding the release of first-quarter 2025 financial results. The restructuring aims to streamline operations and foster an agile culture.
Following the layoff reports, Intel’s stock saw a 5% increase on Apr. 23rd, closing at $20.57. Despite this, the stock has declined by 40% over the past year, with a market capitalization of approximately $89.7 billion. Analysts hold a cautious outlook, with a consensus Reduce rating and a decreased average 12-month price target of $23.43.
Intel’s first-quarter 2025 earnings report, due on Apr. 24th, is crucial amid ongoing restructuring. CEO Lip-Bu Tan’s address will focus on financial results, forward guidance, details on layoffs, Intel Foundry Services progress, and strategies for competition and geopolitical challenges. The company’s revival relies heavily on flawless execution across key areas for sustained growth and profitability. 1. President Biden announced a plan to withdraw all U.S. troops from Afghanistan by September 11, 2021, marking the end of America’s longest war. The decision was met with mixed reactions, with some praising the move as a step toward ending the conflict, while others expressed concerns about the potential consequences.
2. The U.S. economy added 916,000 jobs in March, surpassing economists’ expectations and signaling a strong recovery from the pandemic-induced recession. The unemployment rate fell to 6%, the lowest since the start of the pandemic, with gains in leisure and hospitality, construction, and other sectors.
3. Johnson & Johnson faced setbacks as reports emerged of rare blood clotting cases linked to its COVID-19 vaccine. The company paused the rollout in Europe and delayed shipments in the U.S. pending further investigation. Despite the setback, health officials emphasized the overall safety and effectiveness of vaccines.
4. SpaceX successfully landed its Starship prototype for the first time after four previous failed attempts. The SN15 rocket touched down safely after a high-altitude test flight, marking a major milestone in SpaceX’s goal of developing a fully reusable spacecraft for future missions to Mars and beyond.
Read more at Nasdaq:: Seismic Shift at Intel: Massive Layoffs Precede Crucial Earnings