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

The Next Web
By Ana Maria ConstantinJul 21, 2026, 4:20 pm115 pts
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…

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