Intel allegedly plans imminent lay off of thousands of employees to fuel turnaround

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Intel allegedly plans imminent lay off of thousands of employees to fuel turnaround

https://www.tomshardware.com/tech-industry/big-tech/intel-allegedly-plans-imminent-lay-off-of-thousands-of-employees-report

Anonymous sources say the announcement could be just days away.

Intel allegedly plans imminent lay off of thousands of employees to fuel turnaround
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big companies trying to please their stakeholders

I don't think that happened here, with the stock dropping off 27% with one of the worst days since Y2K.