Intel Corporation is laying off 529 employees in Oregon to cut costs and improve efficiency, with a focus on AI and cloud computing. This move aims to streamline operations and enhance competitiveness. Intel recently closed its automotive architecture business to reallocate resources to core segments like PC and data centers.
Microsoft has laid off 6,000-7,000 employees to drive AI innovation and reduce redundancy. Meta Platforms cut 3,600 jobs, mainly in non-core areas like hardware and AR/VR, to prioritize AI-powered discovery businesses. These tech firms are restructuring to stay agile and competitive in the ever-evolving tech landscape.
Intel’s stock has declined 30% in the past year, trading at a lower forward sales ratio compared to the industry. Earnings estimates for 2025 and 2026 have decreased, leading to a Zacks Rank #4 (Sell). Investors are urged to consider other stocks with stronger potential for growth and performance.
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Read more at Nasdaq: Can Intel Be Leaner & More Agile by Laying Off 529 Employees?