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Intel to cut more than 15% of workforce as it cuts costs to try to turn chip business around

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Chipmaker Intel Corp. is cutting 15% of its massive workforce as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD.

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Intel reported a loss for its second quarter along with a small revenue decline, and it forecast third-quarter revenues below Wall Street's expectations.SF's Saks Fifth Avenue shifting to 'appointment-only' shopping, announces layoffs, report says

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Intel to cut more than 15% of workforce as it cuts costs to try to turn chip business aroundChipmaker Intel Corp. is cutting 15% of its massive workforce as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. The Santa Clara, California-based company said Thursday it is also suspending its dividend as part of a broader plan to cut cost. The bulk of the layoffs will be completed this year.
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