Intel’s Workforce Reductions Deepen Amid Investor Skepticism

Intel continues its aggressive cost-cutting measures with the elimination of 669 additional positions, bringing total job cuts in Oregon alone to more than 3,100 this year. As competitors like Nvidia demonstrate remarkable strength in the technology sector, the semiconductor giant is implementing severe austerity measures to navigate ongoing challenges. Market participants remain divided on whether these actions represent a strategic turnaround or signal deeper operational distress.

Thursday’s announcement triggered significant selling pressure, with Intel shares declining 5.2 percent. The downward trend continued into Friday with an additional one percent drop. Particularly concerning to observers was Intel’s failure to participate in the broader technology sector recovery that occurred during the trading day. Share Read more...