See the Complete Picture.
Published loading...Updated

Intel cuts management pay and fires 340 employees to preserve cash

Summary by Ground News
As the tech sector continues to bleed dry amid a drop in revenue and earnings, Intel on Tuesday announced it was cutting top management pay. The chipmaker said its CEO Pat Gelsinger was receiving a 25 per cent cut to his basic salary to preserve cash and initiate a recovery process.

24 Articles

All
Left
4
Center
8
Right
7
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 42% of the sources are Center
42% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Bloomberg broke the news in United States on Wednesday, February 1, 2023.
Sources are mostly out of (0)