Intel posts record $16B growth, workers rewarded with job cuts

Chipmaker Intel reported this week that quarterly revenue had risen at its quickest pace in more than 15 years — just days after it confirmed a fresh round of layoffs.

Revenue rose to $16.1 billion, up 25% year over year, while revenue from its Data Center and AI segment skyrocketed 59% to $6.3 billion.

However, that same data center segment is slashing headcount per Tuesday‘s…