Intel confirms more layoffs in its data center unit as stock rallies on turnaround momentum

Wait 5 sec.

Intel confirmed on Tuesday that it will cut an unspecified number of jobs in its data center group, the division responsible for Xeon server processors and AI-related hardware, as part of a broader restructuring under CEO Lip-Bu Tan. Shares rose as much as 8 percent in early trading, extending a rally that has seen the […]This story continues at The Next Web