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Intel stock falls after company details job, spending cuts
Intel stock falls after company details job, spending cuts
Intel stock falls after company details job, spending cuts

Published on: 07/25/2025

This news was posted by Oregon Today News

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Description

Intel stock fell Friday after the company disclosed the extent of its job cuts and CEO Lip-Bu Tan suggested in regulatory filings Thursday that the company might exit the advanced manufacturing business altogether.

Intel‘s stock sank 9.3% Friday after it reported mixed financial results Thursday and revealed it would cut its workforce by 22% this year.

News Source : https://www.oregonlive.com/business/2025/07/intel-stock-falls-after-company-details-job-spending-cuts.html

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