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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 ...
The layoffs at Intel are in line with a cutting of the fat from many tech companies in recent years. In 2024 alone, Google announced layoffs that could affect Austin, ... In Other News.
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 ...
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.
Intel said Thursday that it will reduce 15% of its workforce, as part of a massive restructuring meant to boost profit and efficiency. Intel to cut thousands of workers as part of a massive ...
Intel (NASDAQ:INTC) announced that it is enacting a new round of layoffs as the company announced that it will consolidate some of its operations under Indian IT contractor Infosys.The Santa Clara ...
Intel's fall from grace seemed to happen all at once.Shares of the once iconic chipmaker plummeted 60% in 2024. The company posted the biggest loss in its 56-year history in its latest quarterly ...