Intel cuts jobs in its fastest-growing division two days before Q2 earnings

Intel is cutting jobs in its Data Center and AI Group, the company's fastest-growing division posting 22% year-on-year revenue growth, two days before Q2 earnings. CEO Lip-Bu Tan is extending restructuring pain across all units to strip legacy cost structure, signalling a shift from Intel's previous sprawling ambitions to a narrower, margin-focused strategy centred on server CPUs, inference, packaging, and foundry.

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