Intel Announces Job Cuts in Data Center Division Amid Positive Stock Momentum

Intel revealed on Tuesday that it will reduce its workforce in the data center division, which focuses on Xeon server chips and AI hardware, as part of a larger restructuring effort led by CEO Lip-Bu Tan. Despite the layoffs, Intel's shares climbed up to 8 percent in early trading, continuing a rally fueled by optimism about the company's strategic turnaround.