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The chipmaker plans to reduce headcount from 96,400 to 75,000 employees amid restructuring and steeper Q3 losses.
Intel faces earnings pressure from restructuring and slow progress but shows long-term turnaround potential with CapEx cuts.
Intel said Thursday it has mostly completed plans it announced last quarter to cut 15% of its workforce, as the struggling ...
The Register on MSN2h
Intel abandons chip plants in Germany and Poland, confirms more layoffsCEO Lip-Bu Tan says strategy shift will focus on customer needs, efficiency, and cutting costs Ailing chip giant Intel is ...
Intel is slashing 31% of its workforce and halting global expansion projects in a sweeping restructuring effort as it ...
Intel Corporation (NASDAQ:INTC) is one of the AI Stocks in the Spotlight Right Now. On July 22, Loop Capital initiated ...
The Register on MSN7h
You DO see Windows 11 as an AI PC opportunity, say Dell and IntelTime to 'reimagine' it as a gateway, a gateway to inner peace, er, sales With three months to go until Microsoft ends support ...
Intel delivered better-than-expected revenue for its second quarter and issued a fairly positive outlook for its third ...
The chip maker reported a wider quarterly loss and will cut 15% of staff as it seeks to refocus on the highly competitive market for AI chips. Shares ...
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