Why Intel Stock Popped on Tuesday
Intel's laying off workers. Hooray?
Overview
Intel (NASDAQ: INTC) stock soared 8.4% through 2:10 p.m. ET Tuesday on a raft of positive news headlines -- or at least headlines investors viewed as positive.
Image source: Intel.
Intel employees are probably less thrilled with the first item on this list, a report from Business Insider that Intel will lay off an unspecified number of employees in its data center division. If true, the layoffs would come on top of a 15% reduction in force last year -- 5,000 souls -- with thousands more laid off in 2024.
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Originally published at www.fool.com.
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