Intel stock (NASDAQ: INTC) , is trading at $23.59 as investors reacted to new reports of widening layoffs and a company-wide shake-up. Job cuts are hitting several departments, from chip production to the foundry division, as Intel tries to rein in costs and navigate mounting pressure from rivals like AMD and Nvidia, all while dealing with a challenging supply chain.
The Intel share price has been volatile in recent weeks, bouncing between $21 and $24 as investors weigh long-term potential against near-term disruption. Wall Street is still unsure whether this restructuring will revive Intel’s lagging margins, or simply signal more pain ahead.
Intel Layoffs Spark Investor Caution
According to reports, Intel’s layoffs now go beyond just trimming fat. Entire teams have been dissolved, project pipelines slashed, and R&D resources rerouted. While CEO Pat Gelsinger insists the company is positioning for long-term efficiency, the market is watching closely for signs of strategic clarity, not just payroll cuts.
Investor sentiment is split. Some traders see the cost cuts as a smart move that could sharpen Intel’s edge in AI and data infrastructure. Others think it’s a sign the company is falling behind in a chip race it used to dominate.
INTC Technical Levels to Watch
- Current Price: $23.59
- Resistance: $24.85, then $26.00
- Support: $22.00, then $20.50
Outlook
Intel’s restructuring and layoffs may eventually deliver cost discipline, but for now, the Intel share price remains tied to execution risk. Until earnings confirm the turnaround, expect more volatility and headline-driven swings.