Get access to our best features
Get access to our best features
Published

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.
Insights by Ground AI
Does this summary seem wrong?
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 46% of the sources are Center
45% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)