Why Intel Stock Is Jumping Today

Shares of Intel (NASDAQ: INTC) are spiking on Tuesday, up 6.4% as of 1:13 p.m. ET. The move comes as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) were relatively flat.Intel began laying off employees from one of its operational hubs in Oregon as part of its major cost-cutting efforts.Intel began laying off employees from its Oregon plant on Monday. The company expects to lay off 500 of its staff from the main fabrication hub in North America. The move is part of the company's efforts to significantly cut costs and is part of a larger 20% reduction in its global workforce. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool