Intel is gearing up for significant layoffs, with plans to cut its workforce by 15%. The news broke during Bloomberg’s Closing Bell coverage, where hosts discussed the implications of the tech giant’s restructuring move. While details are still emerging, the scale suggests a major shift in Intel’s strategy—likely to streamline costs or refocus priorities.

Editor’s Note: Big tech layoffs are becoming a recurring theme, and Intel’s cuts signal deeper turbulence in the industry. Whether it’s adapting to slowing demand, AI-driven restructuring, or just tightening the belt, this move will ripple through the sector—and leave thousands of employees scrambling. For investors, it’s a red flag about Intel’s near-term challenges; for workers, it’s another reminder of how fragile job security can be in tech right now.