Intel Layoffs 2024: What to Know About the Latest INTC Job Cuts

Technology giant Intel (NASDAQ:INTC) initiated a new round of job cuts this week, impacting an undisclosed number of employees in its sales and marketing unit. The Intel layoffs have occurred during the same week that management announced a new financial reporting structure. While the innovation space has flourished, INTC stock has struggled this year following a poor outlook for its core business.According to a CRN report, an Intel spokesperson confirmed that it made job cuts as part of a reorganization. B ...