Published 08/01/2024 8:17:00 p.m.

Intel announces plan to cut 15,000 jobs to ‘resize and refocus’ business

Intel Corp. Will cut 15% of its workforce, approximately 15,000 jobs, to compete with rivals Nvidia and AMD.
This decision is part of a $10 billion plan to reduce costs, announced during its second-quarter earnings.
Intel also reported a second-quarter loss and forecasted third-quarter revenues below Wall Street expectations.

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News18 India

Intel Lays Off 15,000 Employees, Aims to Revive Its Business and Compete with Rivals

The job cuts come in the heels of a disappointing quarter and forecast for the iconic chip maker founded in 1968 at the start of the PC revolution.

08/02/2024 4:00:10 a.m.·India

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Reuters

Intel to cut 15% jobs, suspend dividend in turnaround push

Intel said on Thursday it would cut 15% of its workforce and will suspend its dividend in the fourth quarter as the chipmaker pursues a turnaround centered around its loss-making manufacturing business.

08/01/2024 8:17:00 p.m.·United Kingdom

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Hindustan Times

Intel lays off 15,000 employees. CEO says ‘painful but more tough days ahead’

Intel layoffs: Pat Gelsinger revealed that the company plans to deliver $10 billion in savings by 2025.

08/02/2024 5:15:49 a.m.·New Delhi, India

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abc News

Intel to lay off more than 15% of its workforce as it cuts costs to try to turn its business around

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

08/01/2024 8:36:25 p.m.·United States

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CNN

Intel lays off 15% of its staff and its stock tumbles as it struggles to turn around its ailing business

Intel is slashing 15% of its staff as part of a $10 billion plan to reduce costs, the tech company announced in its second-quarter earnings Thursday.

08/01/2024 9:30:17 p.m.·Atlanta, United States

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Irish Independent

Intel plans to cut thousands of jobs to reduce costs and fund turnaround – Bloomberg

Intel plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses.

07/30/2024 10:05:53 p.m.·Ireland

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Intel announces plan to cut 15,000 jobs to ‘resize and refocus’ business

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Intel Lays Off 15,000 Employees, Aims to Revive Its Business and Compete with Rivals

Intel Lays Off 15,000 Employees, Aims to Revive Its Business and Compete with Rivals

Intel to cut 15% jobs, suspend dividend in turnaround push

Intel to cut 15% jobs, suspend dividend in turnaround push

Intel lays off 15,000 employees. CEO says ‘painful but more tough days ahead’

Intel lays off 15,000 employees. CEO says ‘painful but more tough days ahead’

Intel to lay off more than 15% of its workforce as it cuts costs to try to turn its business around

Intel to lay off more than 15% of its workforce as it cuts costs to try to turn its business around

Intel lays off 15% of its staff and its stock tumbles as it struggles to turn around its ailing business

Intel lays off 15% of its staff and its stock tumbles as it struggles to turn around its ailing business

Intel plans to cut thousands of jobs to reduce costs and fund turnaround – Bloomberg

Intel plans to cut thousands of jobs to reduce costs and fund turnaround – Bloomberg

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