$Intel(INTC)$ On Monday, Intel Corporation (NASDAQ: INTC) shares leapt more than 7% after the company announced a significant new round of layoffs as part of its ongoing restructuring and cost-cutting initiatives. To some investors, the rally was a welcome sign of fiscal discipline and a shift toward profitability in a fiercely competitive semiconductor market. To others, it raised difficult questions about the company’s long-term vision — and whether cutting jobs represents strategy or desperation. In this article, we analyze Intel’s latest move in the context of its turnaround ambitions, the company’s historical playbook, current market sentiment, and what this might signal for the company’s future. Is Intel’s cost-cutting strategy laying the fo
Intel Jumps Over 7%: Is the Layoff Playbook Working?
Intel said it plans to start laying off hundreds of workers in Oregon as part of previously announced cuts under its restructuring plan. Shares of the embattled chipmaker jumped over 7% Tuesday, extending recent gains driven by hopes that new CEO Lip-Bu Tan can engineer a turnaround and speculation of potential deals to sell parts of its business. Still, the stock has lost close to a third of its value over the past 12 months.
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