--- title: Intel confirms more layoffs in its data center unit as... description: Intel confirmed layoffs in its data center group as CEO Lip-Bu Tan continues restructuring the company. The cuts affect the division responsible for Xeon... canonical: https://daily.dev/posts/intel-confirms-more-layoffs-in-its-data-center-unit-as-stock-rallies-on-turnaround-momentum-qzsmue6hr twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Intel confirms more layoffs in its data center unit as stock rallies on turnaround momentum | daily.dev og:description: Intel confirmed layoffs in its data center group as CEO Lip-Bu Tan continues restructuring the company. The cuts affect the division responsible for Xeon... og:url: https://daily.dev/posts/intel-confirms-more-layoffs-in-its-data-center-unit-as-stock-rallies-on-turnaround-momentum-qzsmue6hr og:image: https://api.daily.dev/og/posts/qzSmUe6Hr.png og:image:alt: Intel confirms more layoffs in its data center unit as stock rallies on turnaround momentum og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Intel confirms more layoffs in its data center unit as stock rallies on turnaround momentum **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary Intel confirmed layoffs in its data center group as CEO Lip-Bu Tan continues restructuring the company. The cuts affect the division responsible for Xeon server processors and AI hardware, despite that unit posting $5 billion in revenue last quarter — up 22% year over year. Intel's stock rose nearly 8% on the news, two days before Q2 earnings. The company has reduced its workforce from a peak of ~132,000 in 2022 to ~83,200, with a target of ~75,000 by year end. The turnaround is driven by the 18A manufacturing process, foundry deals with Apple and Amazon, and Xeon's growing role in AI data centers, though Intel still lacks a competitive AI accelerator to rival Nvidia's GPUs. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Intel takes another hit](https://daily.dev/posts/intel-takes-another-hit-4urclb8ya) · TechCentral · 0 upvotes · 0 comments - [Intel’s revival is real: $13.6B in Q1](https://daily.dev/posts/intel-s-revival-is-real-13-6b-in-q1-a69vcpjw9) · The Next Web · 0 upvotes · 0 comments --- Tags: [#gpu](https://daily.dev/tags/gpu), [#intel](https://daily.dev/tags/intel) [View this post on daily.dev](https://daily.dev/posts/intel-confirms-more-layoffs-in-its-data-center-unit-as-stock-rallies-on-turnaround-momentum-qzsmue6hr) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Intel confirms more layoffs in its data center unit as stock rallies on turnaround momentum","url":"https://daily.dev/posts/intel-confirms-more-layoffs-in-its-data-center-unit-as-stock-rallies-on-turnaround-momentum-qzsmue6hr","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/intel-confirms-more-layoffs-in-its-data-center-unit-as-stock-rallies-on-turnaround-momentum-qzsmue6hr"},"datePublished":"2026-07-21T20:38:18.009Z","dateModified":"2026-07-21T20:38:36.211Z","description":"Intel confirmed layoffs in its data center group as CEO Lip-Bu Tan continues restructuring the company. 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