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 ...
Intel announced it is cutting 15,000 jobs as layoffs in the tech industry continue amid massive AI investment. ... The layoffs at Intel are in line with a cutting of the fat from many tech ...
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]
News agencies were created to provide newspapers with information about a wide variety of news events happening around the world. Initially the agencies were meant to provide the news items only to newspapers, but with the passage of time the rapidly developing modern mediums such as radio, television and Internet too adapted the services of news agencies.
The layoffs aren’t going to be pleasant, but they’re a sign that Intel’s management is doing what’s needed to turn the company around and rebuild confidence in INTC stock investors.
The video game industry layoffs are a part of the broader tech industry layoffs that began in 2023; [17] many such layoffs have been attributed to artificial intelligence, [18] although increased interest rates, reduced demand from consumers and excessive hiring during the COVID-19 pandemic have also been cited as causes. [17]