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Intel will cut over 15,000 jobs in a sweeping cost-cutting effort
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Intel will cut over 15,000 jobs in a sweeping cost-cutting effort
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2nd August 2024, 08:19
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 152,455
 |  Intel will cut over 15,000 jobs in a sweeping cost-cutting effort In a crushing quarterly update, Intel disclosed that it will cut more than 15 percent of its workforce. The layoffs, which could impact over 15,000 jobs, are part of the company's $10 billion cost-reduction plan to recover financial stability. Intel posted a second-quarter net loss of $1.6 billion, plunging from the net income of $1.5 billion it reported in the same period of 2023. https://www.engadget.com/intel-will-...6.html?src=rss |
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