Intel Plunges 5.3% on Job Cuts, Steeper Losses

On July 25, 2025, Intel's stock experienced a significant drop of 5.3% in pre-market trading, reflecting investor concerns over the company's recent announcements and financial outlook.

Intel has announced plans to reduce its headcount to 75,000 by the end of the year, marking a 22% decrease from the end of 2024. This reduction will be achieved through attrition and other unspecified means, indicating a strategic shift in the company's workforce management.

The company reported restructuring costs of $1.9 billion in the second quarter, which included job cuts. Additionally, Intel recorded adjusted losses of 10 cents per share for the June quarter, further contributing to the negative sentiment surrounding the stock.

Intel's guidance for the future has also been a source of concern for investors. The company expects steeper losses than initially anticipated by Wall Street analysts, which has led to a decline in investor confidence and a subsequent drop in stock price.