Intel cuts management pay and fires 340 employees to preserve cash

Intel slashes employee and executive pay amid PC market downturn

The reductions will range from 5% of base pay for mid-level Intel employees to as much as 25% for Chief Executive Pat Gelsinger

Intel to cut executive pay as chip glut wipes out profits across industry

Intel is cutting the pay of CEO Pat Gelsinger by 25%, and for mid-level managers by 5%.

Intel cuts management pay

The cut ranges from 15% down to 5% for managers at different levels. The pay of junior employees is not affected.

Intel slashes employee, exec pay amid PC market downturn

Intel Corp on Wednesday confirmed that it has implemented broad employee pay cuts.

Intel CEO Takes Pay Cut as Chip Maker Targets Cost Reductions

Reductions in management base pay come as Intel pursues as much as $10 billion in annual cost reductions and efficiency gains

Intel slashes some worker, exec pay following PC market fall: report

Intel is reportedly cutting worker and executive pay amid the company's disappointing quarterly earnings report.