Can Layoffs Plug High Operating Expenses, Buoy Intel's Sinking Ship?

Key Takeaways INTC is exiting its automotive business and laying off 15-20% of its global workforce to reduce expenses. The job cuts impact over 100 roles at HQ, including senior engineers and tech leads in CPU and GPU design. Intel aims to streamline operations and bolster research and development for its core IDM 2.0 manufacturing.Intel Corporation (INTC) is reportedly winding up its automotive architecture business and laying off a significant number of employees as part of its broader restructuring pr ...