Intel's $1.786 Billion Trading Day Ranks 32nd Amid Workforce Cuts and Turnaround Plan

On June 16, 2025, Intel (INTC) saw a trading volume of $1.786 billion, ranking 32nd in the day's stock market activity. The company's stock price increased by 2.98%.

Intel is set to reduce its manufacturing workforce in July as part of a broader restructuring initiative led by CEO Lip-Bu Tan. This move is aimed at streamlining operations and enhancing the company's competitive edge. The layoffs are expected to be completed by the end of the month, aligning with Intel's efforts to cut costs and improve efficiency.

Intel's new CEO, Lip-Bu Tan, has outlined an aggressive turnaround plan, which includes significant cost-cutting measures. The company aims to reduce its non-GAAP operating expenses to approximately $17 billion in 2025 and further to $16 billion in subsequent years. This strategy is part of a broader effort to enhance profitability and operational efficiency.

Despite the challenges, Intel remains a key player in the data center market, holding a 55% share. The company's focus on cost reduction and operational efficiency is expected to support its market position and drive future growth.