Former Intel CEO Pat Gelsinger took to social media to invite people to pray and fast for the chipmaker's employees, saying the company is going through a "difficult period."

I used the five-whys analysis, created by the founder of Toyota, to better understand the recent Intel shakeup.

When Intel hired Gelsinger in 2021 to revive the chipmaker’s fortunes, he received a pay package that would have been worth as much as $206 million if he had met performance targets.

Intel ousted CEO Pat Gelsinger over the weekend , capping a tumultuous nearly four-year tenure at what was America's leading semiconductor company before its stock price and market share collapsed.

Gelsinger spent most of his career at Intel, rising to chief technology officer before leaving to run VMWare in 2012 and then returning as CEO in 2021. He was generally well respected by Wall Street and industry insiders, but on his watch, the stock underperformed the market as Intel lost ground in the AI race to Nvidia.

Gelsinger, 63, stepped down as CEO and left Intel’s board effective yesterday (Dec. 1), the chipmaker announced today in a press release. David Zinsner and Michelle Johnston Holthaus, two senior Intel executives,

In the wake of Pat Gelsinger's retirement, Intel CFO David Zinsner and Intel Products CEO Michelle Johnston Holthaus will be stepping in as interim co-CEOs as Intel looks for replacements to succeed the veteran. Frank Yeary, an independent board chair, will be named interim executive chair.

Intel stock dropped 6% on Tuesday as investors reacted to the CEO's departure. Wall Street analysts say there's more uncertainty ahead for the chip maker.

Former Intel CEO Pat Gelsinger, who suddenly resigned from his position, took to social media to encourage his supporters to pray and fast on behalf of thousands of Intel employees as layoffs increase.

Pat Gelsinger, the ousted CEO of Intel, has appealed public for prayers and fasting for the chipmaker’s 100,000 employees as the company navigates significant challenges. Gelsinger, took to X (formerly Twitter) on Sunday and urged people to support Intel’s workforce during this difficult period.