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Update: Market Chatter: Intel Planning Layoffs Within Data Center Group

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(Updates with Intel's response to a request for comment in the last paragraph.)

Intel (INTC) is planning to lay off workers within its data center group, Business Insider reported Tuesday, citing a company spokesperson.

"As part of our broader strategy to become a more focused and efficient company, Intel's data center group is aligning its organization to ensure it has the right roles and skills in place to position the business for long-term success," an Intel spokesperson toldvia email. "We are committed to treating all impacted employees with respect and providing resources to support them through this transition."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $104.44, Change: $+7.38, Percent Change: +7.60%

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