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

📆 01/08/2024 03:51 p. m.
📰 AP

⏱ Reading Time:
9 sec. here
12 min. at publisher
📊 Quality Score:
News: 42%
Publisher: 51%

Labor Noticias

General News,Technology,Financial Markets

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. 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.

FILE - The symbol for Intel appears on a screen at the Nasdaq MarketSite, on Oct. 1, 2019 in New York. Intel Corp. Intel reports earnings on Thursday, Aug. 1, 2024. FILE - Workers listen as President Joe Biden speaks on March 20, 2024, at the Intel Ocotillo Campus in Chandler, Ariz. Intel reports earning on Thursday, Aug. 1, 2024.

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.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Escribir Comentario

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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.
Fuente: wjxt4 - 🏆 246. / 63 Leer más »