Intel is cutting jobs in its data center and AI group despite 22% revenue growth to $5B in Q1. CEO Lip-Bu Tan prioritizes efficiency as shares rally over 300% from lows. The moves reflect a broader restructuring that has slashed headcount by more than 35,000 since 2024. Earnings Thursday will test if momentum justifies the valuation.
Microsoft cut 4,800 roles, or 2.1% of its workforce, on July 6, 2026, targeting Xbox and commercial sales. Executives insist the positions are not AI replacements yet acknowledge the technology is reshaping workflows and forcing organizational resets. The action follows prior waves and coincides with massive AI infrastructure spending.
|
