Tag Archives: Pat Gelsinger

In a heartfelt move following his resignation as Intel’s CEO on December 1, Pat Gelsinger has turned to prayer and fasting to show his support for the company's troubled workforce. Gelsinger, who stepped down after Intel’s board of directors reportedly asked him to either resign or be fired, has been keeping his followers updated on social media.

Intel Corporation announced the resignation of CEO Pat Gelsinger on December 1, marking the end of his tenure at the tech giant less than four years after his appointment. Gelsinger, a veteran of the company with a career spanning decades, stepped down following a directive from Intel's board to either retire or face removal.

Intel is set to undertake significant job cuts as part of a strategic effort to recover market share and bolster its finances, according to Bloomberg News. The company has not yet officially announced the layoffs, but reports suggest an announcement could come as early as this week. Shares of the chipmaker saw a slight uptick of about 1% following the news, though the stock has plunged by 40% this year.