Search results
Results From The WOW.Com Content Network
In October 2022, Intel announced a cost-reduction plan that included "people actions", aimed at slashing annual costs by $3 billion in 2023, reducing the chipmaker's headcount to 124,800 at the ...
Intel's share price tumbled 26% to $21.48 on Aug. 2, the day after it announced quarterly results, the job cuts and the dividend suspension. The shares closed Wednesday down 3.6% at $18.99 and ...
In a memo to employees on Thursday, Intel announced it would be laying off 15,000 employees, a number that accounts for more than 15% of its total workforce.
Republican Senator Rick Scott on Wednesday asked Intel CEO Pat Gelsinger for more details on the company's plans to cut more than 15,000 jobs despite being set to receive nearly $20 billion in U.S ...
It also suspended bonuses and merit pay increases, while reducing retirement plan matching. These cost reductions followed layoffs announced in the fall of 2022. [113] In October 2023, Intel confirmed it would be the first commercial user of high-NA EUV lithography tool, as part of its plan to regain process leadership from TSMC. [114]
[1] [2] Since its inception, the company has acquired dozens of companies across the global technology industry, with seven multi-billion-dollar acquisitions as of January 2023. [ 3 ] [ 4 ] [ 5 ] Between 1999 and 2003, the company went on an acquisition spree of mostly telecommunications- and networking -related companies, spending $11 billion ...
Intel said Thursday that it will reduce 15% of its workforce, as part of a massive restructuring meant to boost profit and efficiency.
It seems the 2024 layoffs may be a continuation of layoffs in 2023. It depends on how sources describe it, but it may be worth expanding the scope to extend from 2023-2024 if sources consider it one event. Game industry layoffs may be a part of broader tech sector layoffs. I read some articles that described it as such. Consider exploring that ...