Intel Stock Jumps 7% on Workforce Reduction Plan Amid Market Share Decline

Intel Corporation's shares surged 7.23% to $23.59 following the announcement of layoffs at its Oregon fabrication facility. The MOVE is part of a broader strategy to cut 20% of its global workforce, aiming to streamline operations and improve efficiency. Investors responded positively to the cost-cutting measures, despite Intel's chip market share dropping to 65.3% in Q1 2025—its lowest level since 2002.

Competitive pressures from AMD and Arm continue to loom large, casting uncertainty over long-term investor confidence. The Oregon layoffs, affecting 500 employees, signal a deeper restructuring effort to remove internal complexity and empower engineering teams. Intel's statement emphasized creating a "leaner, faster" organization, though the semiconductor giant faces an uphill battle to reclaim its dominance.