Overview

• Intel plans to cut thousands of jobs, potentially affecting up to 8% of its workforce.
• The layoffs are intended to save up to $10 billion by 2025.
• CEO Pat Gelsinger is heavily investing in R&D to regain Intel's competitive edge.
• Intel's market share has been eroded by rivals like AMD and Nvidia.
• The company will report its second-quarter earnings this week, with flat revenue expected.