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Barchart
Barchart
Mohit Oberoi

Is INTC Stock a Buy Now as Intel Prepares for Another Round of Mass Layoffs?

Intel Corporation INTC LipBu Tan Nvidia

Intel (INTC) is reportedly considering laying off between 15% and 20% of its foundry workers, which could impact thousands of employees. The layoffs come after a brutal 2024 when the once-iconic chip company eliminated 15,000 positions in its biggest-ever layoff.

While we don’t have the official confirmation, the layoffs would be hardly surprising given the company’s focus on cost cuts amid mounting losses and cash burn, particularly in the foundry business, which has failed to take off significantly despite burning billions of dollars. In this article, we’ll discuss Intel’s outlook in light of the cost cuts and turnaround efforts.

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