Investing.com -- Intel confirmed Tuesday it is planning job cuts within its data center group as part of a broader strategy to become a more focused and efficient company, according to a report from Business Insider. The chipmaker said the data center group is realigning its organization to ensure it has the right roles and skills in place to position the business for long-term success. A person familiar with the matter said the changes would not affect the data center group's product commitments and roadmaps and should help to better streamline the business. In August 2024, Intel announced more than 15,000 job cuts as part of a plan to deliver $10 billion in cost savings for 2025. Related articlesIntel plans layoffs in data center division - Business InsiderMacquarie sees prime SpaceX entry point, reaffirms $250 target on SPCXGlobal chip stocks extend rebound following last week's rout