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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 ...
CEO 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 ...
Time 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 ...