[IamLoading]

I am surprised, the stock didnt improve. Typically, markets like layoffs.

[HDThoreaun]

Intel had a really crappy quarter, layoffs can’t save that. The market likes when companies that had an ok quarter with revenue growth do layoffs.

[s1artibartfast]

Intel has had a bad couple years, posting as many quarterly losses as profits, barely breaking even on net.

[NoPicklez]

It could be because in conjunction with the layoffs Intel are battling with a potential class action against their two latest series of desktop CPU's being faulty